Buying Highlands NC Real Estate, Documents Important
Documents are an important part of buying Highlands NC real estate. This includes HOA documents, condo documents, and any rules and regulations associated with a property or the community it is located in. It is important to recognize that every association has its own set of rules and regulations. This includes information related to dues, debts, and capital improvement schedules. Knowledge is power and can help avoid making a poor investment or getting caught off guard. An experienced Highlands NC REALTOR will provide buyers with all of the necessary documents but it is up to buyers to read them.
Due diligence period
Reading through documents should be completed during the due diligence period of a contract to purchase a Highlands NC home for sale. There is no doubt that this can be tough reading. If it seems too much for a buyer then he should hire an attorney to read the documents for him. The important thing to remember is that this is necessary and important information. Additionally, this is the time to ask questions and get answers.
Buying a Highlands NC property equates to making a large investment. If you are purchasing a home with the intent to rent it out, whether short term or long term, it is important to recognize that rules and regulations can have an effect on this. For example, renters may not be able to have pets in your unit. Additionally, some associations may implement limits on short term rentals. Rules and regulations can regulate the color you can paint your home and often if you can paint your home. Furthermore, understanding association finances is essential. Often units are assessed for capital improvements and you do not want to be blindsided by unexpected expenses.
Learn more about buying Highlands NC real estate
Contact me, Lynn Kimball, today to learn more about buying a home in Highlands NC. I welcome the opportunity to help you navigate the market while helping you understand what makes each property unique. Let my knowledge and experience serve as your guide to buying Highlands NC real estate.
Click here to read “Condo 101: The Governing Documents” from Realty Times.