Hello and thank you for tuning into Red Lion Realty’s YouTube channel. Today’s topic of discussion is going to be property subject to mandatory Owners Association, which for most people means HOA. HOA stands for homeowner’s association. Homeowner’s Association provides a lot of amenities to communities. HOA’s typically do the pool, splash pad, walking trails, lakes, stocking it with fish, tennis courts and the landscaping, and then decorations that may change throughout the year. Another benefit in HOA is that you can complain anonymously about a neighbor that maybe has an untidy yard. In a real estate transaction whether you’re buying or selling, it does have to be disclosed if the property subject to a mandatory property Owner’s Association. There’s typically some fees involved with the transaction as well. Generally, there’s a transfer fee, usually ranges around a couple $100. Now I have seen will go up to a couple $1000 predicated upon the neighborhood. There’s typically a fee for the title company for the cost of obtaining the information from the HOA. And then there’s an annual fee. And that can range from a few $100 to a few $1,000. Now if you’re in a gated community, you’re also on private roads, so you’re going to pay higher fees because your neighborhood is going to maintain the roads, not the county. If you have any further questions you want to drill down deeper, feel free to reach out to us. You can find us on the web at redlionrealtygroup.com or you call me 832-646-2886. If you’re a buyer we’d love to help you. We’re gonna find you the right home at the right price in the right timeframe. If you’re selling, with our marketing strategies, we’re going to get you more qualified buyers. We’re going to get you more exposure, and we’re going to get you a higher offers on your property. We look forward to working with you. If you would please like, subscribe and share our YouTube channel. Thanks.