On the list of most stressful life events, buying a home ranks in the top five. Luckily, Condo & HOA Smart offers a Nationwide service to make the process just a little smoother. The company provides a unique and much-needed due diligence service, determining the financial health of condo and homeowner’s associations, along with other critical information. This service helps reduce the risk and surprises for homebuyers.
Condo & HOA Smart scrutinizes not only financial records, but all available documents and information for the association The decision of whether to close a deal or keep looking often hinges on a single piece of information, such as a possible special assessment or the size of the family dog.
“Buying a home is always going to carry some risk. We help homebuyers reduce that risk to a more manageable level,” explained Gail Pizetoski, CPA, founder of Condo & HOA Smart. “Homeowner’s associations can be a great ally, helping to keep neighborhoods clean and property values high. On the other hand, these associations can sometimes be too controlling for some people. We help buyers find out beforehand if a particular association will be a good fit.”
The due diligence that Condo & HOA Smart provides is a necessary complement to the physical home inspection that is familiar to most homebuyers and real estate agents. But instead of foundations and plumbing, this service concentrates on the financial health and viability of the condo or homeowner’s association, as well as a general assessment of livability issues.
Pizetoski says, “Real estate agents and prospective homebuyers have the task of researching an association early on in the buying process. This research can be time-consuming and daunting to most buyers who lack the time and experience to do the proper due diligence.”
The list of documents that Condo & HOA Smart will inspect and analyze on behalf of homebuyers can include:
- HOA governing documents
- Rules and regulations (parking, pets, etc.)
- Cash flow
- Financial statements
- Budgets
- Special Assessments
- Reserves
- Association communications
Condo & HOA Smart also helps real estate agents add even more value to their services. With a thorough inspection report in hand, agents can provide full disclosure to their clients, winning their trust and boosting the agent’s reputation. In a profession that’s perhaps unfairly derided for letting sales get in the way of principles, Condo & HOA Smart brings transparency.
Pizetoski’s unmatched experience and strong leadership have helped to establish Condo & HOA Smart as a first-line industry resource. Visitors to the website can browse a wealth of information, including links to “horror stories” of condo associations and HOAs in the news (http://www.condo-smart.com/avoid-condo-hoa-horrors/) and links to condo and HOA rules in each state. A newsletter signup form is available on the home page.
About Condo & HOA Smart, LLC
Condo & HOA Smart was founded by Gail Pizetoski, CPA, Association Management Specialist and RE Broker, to provide important information for potential homebuyers in condominium and homeowners associations. With 30 years of experience in condo and homeowners associations, she has been privy to many horror stories from buyers, real estate agents and homeowners. She has also witnessed how essential information about a property or community often does not trickle down to buyers. Gail’s mission with Condo & HOA Smart is to ensure that buyers have all the relevant information in front of them as early in the buying process as possible, so that a truly informed decision is possible.
Contact:
Gail Pizetoski, CPA, AMS, CMCA, RE Broker
Condo & HOA Smart, LLC
http://www.condo-smart.com
phone: 1-800-572-2360
twitter: @CondoSmart