Because You’re Buying More Than a Home!

Agents & Brokers

Buyer’s agents are CIDA’s primary conduit for reaching homebuyers. Listing agents and brokers are in a position to raise seller awareness regarding the importance of the due diligence process. If sellers are engaged when the listing contract is signed it helps reduce the time needed to procure documents from the HOA.

WHAT TO KNOW AS AN AGENT OR BROKER

The disclosure requirements for HOAs vary from state to state. In some states a seller is required to provide certain documents before a buyer submits an offer. In others, the seller is not obligated to provide any documents until they accept the buyer’s offer. In a handful of states such as Oregon, the seller is only obligated to provide those documents that are specifically requested in the buyer’s offer.

What is most important is that the agents on both sides of the transaction take the initiative by requesting all available HOA documentation at the earliest possible time to prevent the due diligence process from delaying the sale. Listing agents who encourage their clients to acquire information from the HOA at the time the listing is taken are acting in the best interest of the seller and will help to ensure a successful transaction for all of the parties involved in the sale.

How the CIDA Report CanHELP YOUR CLIENTS

HOA LAWS BY STATE

Under Construction.

AGENT & BROKER RESOURCES

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