HOA HEALTH: What You Need To Know About Governing Documents & Disclosures Of Condos, Townhomes & Planned Communities

Let me guess…you have found a condo/townhome that you absolutely love – BUT  have no idea as to the “health” of the complex it belongs to. Or maybe you’ve identified a single family home in a planned community that you love, yet CC&R’s firmly guide resident policies (your roof type, paint color, etc.). Perhaps you’ve attempted to decipher the CC&R databut the volume and details felt beyond overwhelming.

You are not alone.

When it comes to assessing a home’s value, the appraisal process serves as a second set of eyes. But who is going to help you measure the homeowner association’s value? How do you know if the governing guidelines include appropriate liability protection, if reserves are sufficient to meet the community’s age & condition or how existing bylaws are enforced?

jacquie berryJust ask Jacquie Berry, Owner of Community Association DataSource. As a truly well-known expert on the topic of homeowners associations (HOA’s) and the mandated disclosure documents, she is a highly-sought after speaker and resource to the real estate community. Jacquie is a member of the Executive Council of Homeowners and the California Association of Realtors.

This Friday from 3-4pm PST on Real Estate Radio LIVE, she brings her expertise and insights to our airwaves just for you.  Learn what to look for and how to avoid buying into a “pot full of problems” HOA complex.

Turn that dial to AM 1220 KDOW from 3-4pm PST, or listen on www.reradiolive.com.

ABOUT JACQUIE: Jacquie participates on several committees in the Common Interest Developments (CID’s) and the Real Estate industries.  Jacquie is sought after as a teacher and guest speaker in the area of Homeowners Association Disclosure compliance. 

Jacquie served several terms on the ECHO Executive council of homeowners Association.

Recently she was a guest on the television show “Silicon Valley Real Estate” hosted by Pat Kapowich.

As the need for housing increases and laws change CID’s will be the best use for the vacant land.  There needs to be a source to provide information and network information to the CID’s. Organizations such as Community Association DataSource, Executive Council of Homeowners (ECHO) Community Associations Institute (CAI) are strong force in making change in the industry. 

Jacquie has developed and presents a Realtor Training providing an overview of the laws governing Sellers disclosures to prospective Buyers in CID’s she provided this training program to: SCCOR 4 training per year and other Board of Realtors throughout California Participates in the Alain Pinel Realtors Masters Training program. Keller Williams, Intero, Coldwell Banker, Better Homes and Garden, Sales and Marketing meetings in Northern California.

Jacquie has been involved with the CID industry since 1969 shortly after the condominium concept was first introduced to California. 

Over the years as a Board member, Community Manager, Teacher, Realtor and Lender, Jacquie has the ability to see several sides to the transaction.  She has prepared a process to enable all parties to gleam the information required to complete their portion of the transactions with confidence. 

When the management company was sold in 1992 Jacquie looked for areas to serve the industry and assist in curing some of the problem that face the CID’s.  At the time many of the Associations that had litigation pending were getting calls from owners reporting they could not refinance or sale their homes do to the litigation.  Jacquie took this on as her first project.  After a lot of searching Jacquie was successful in finding investors that would make loans to unit owners while the Association was in litigation.  Then Jacquie formed Community Association DataSource.  Jacquie’s has had a dream that there could  be a central source to submit and distribute Certified, registered  information as required by Civil Codes from Sellers to Buyers as well as Lenders, Appraisers, and Title Companies by provide a RISK MANAGEMENT system for all parties.

Happy Friday,

Bobbi

Bobbi Decker
VP Business Development & Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
BRE 00607999
e. bobbi@bobbidecker.com
p. 650.346.5352
w. www.bobbidecker.com

EHOBobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/

 

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