Does the home, condo or townhouse you are thinking about buying in greater Phoenix have a homeowners association? If so, there will be an additional page to your purchase contract commonly called the HOA addendum.
The document outlines a number of financial considerations regarding the HOA and it is important you fully understand the document.
The Urban Team has prepared a brief video tutorial that may help you gain insight into the HOA addendum.
Arizona Association of Realtors HOA Addendum
We hope this has been of help to you. As always we urge you to seek professional advise whenever you are signing a contract or other legal document.
If we can be of help with your next real estate purchase, please know we would love to help you have an over the top real estate experience.
