Community Association's Effect on Financing

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Rounded Rectangle: Industry professionals can simply drive through your neighborhood and instantly assess whether it has an “active” HOA by observing the property conditions. Excellent or poor property conditions are not the only way your association effects the sales price you will get when sell your home. The cost of your HOA & Condo Association will directly effect the value of your home or investment. The chart below shows us that, from a mortgage financing perspective, a $110 per month DECREASE in the monthly assessment, INCREASES the sale price a buyer can offer by $20,000 & Visa-Versa.* (*using $200,000 sales price, 5% interest rate, 30 year fixed rate mortgage, fixed taxes, fixed insurance costs, & Calyx Point software) Only the wisdom & education of a combining a REAL ESTATE BROKER, A MORTGAGE BROKER, a COMMUNITY ASSOCIATION MANAGER, and a BUSINESS EDUCATION would or could figure this out. We are not suggesting that your association cut the services provided to homeowners. We are suggesting that you can have both an increase in value from your management company and a decrease in the cost of running your community association. LET US PROVE IT TO YOU! Call NOW for a Free, No Obligation, Presentation to your group or Board of Directors. For more factors that hurt the sales of condo & HOA associations, click here to read article published in Facilities Today, April 2009, written by Eddie Velie, Owner, Velie Association Management.

Administrative Cost Savings

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