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Neighborhood Associations
 More Resources for Buyers and Sellers
 
 
  If the home you are selling is within a subdivision, that subdivision may govern how potential buyers may use the property. If your subdivision regulates the use of the property or if the homeowner's association has assessment power, it is a good idea to get a copy of those restrictions, and an itemization of current and pending assessments, to give to potential buyers. If your buyer is aware of the conditions and restrictions governing the property, it is less likely that those restrictions will become an issue later in the transaction. If subdivision regulations do affect the property, some buyers will want to add a contingency allowing them time to object to those conditions or will ask the seller to warrant that the property conforms to all current restrictions. It is a good idea to have an attorney review the subdivision regulations and any contingencies or warranties sought by buyers before entering into an offer to purchase.
 


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