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Have you taken a peek at the price of houses lately?
IT IS FREAKIN’ INSANE.
Bonkers!
And if you don’t believe me, pull up Zillow and look around your city or town.
The person who wrote this story is coming at this whole ball of wax from a different angle, but they’re still fed up with high costs.
Check out what they had to say about why they’re a little nervous about not being able to sell their house.
Can’t sell my home due to HOA cost. Advice needed.
“My neighborhood currently has 3 separate HOAs managed by different companies for a monthly total (based on lot size) of over $900.
My property has the smallest lots size in the neighborhood, so every one is paying $900 or above monthly. My property is a 2br/2ba townhome. The HOAs cost has also been increased each year in the 3 years since I purchased my home.
This is infuriating…
I have been advised by realtors that I most likely won’t be able to sell my property until the HOA is lowered because HOA cost is as much as a mortgage payment would be. Which I don’t disagree with, I think the HOA cost is absurd and I can no longer afford it.
When I purchased, the listing stated the HOA was $700 monthly, but I didn’t even find out there were 3 different companies until 6 months later.
What a bunch of baloney!
And once I got all the payments figured out, it was never $700 but much more. And had I known that prior, I wouldn’t have purchased it.
I guess I’m just asking for advice because I’ve inquired for attorneys but they all seem to represent the HOA, not residents.
I’m not sure what to do. I feel like the original sale was misrepresented. I own my property but can’t afford the HOA, but I can’t sell it either?
Something about this feels wrong in every way.”
Trending and Popular
Reddit users shared their thoughts.
This person weighed in.
Another Reddit user spoke up.
This individual shared their thoughts.
Another person chimed in.
And this reader thinks they know what’s going on here.
What to do…?
Well, there are a lot of options, but this person needs to figure something out sooner than later.
Good luck to them!
This homeowner is stuck in a really tough spot…
