HOA contingency – how does it work?

I’ve asked several realtors and they all say they’ve never had to back out of a deal because of HOA docs before.

I understand that it’s a rare case, but if I were to discover that the HOA financials are under water or if I don’t like particular HOA rules for some reason, is that enough grounds to back out of a deal and get my earnest money back? Is it in the buyers judgement whether they’re willing to accept the HOA rules/financials or not, or is there some sort of threshold or standard?

submitted by /u/Nomeii
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I’ve asked several realtors and they all say they’ve never had to back out of a deal because of HOA docs before. I understand that it’s a rare case, but if I were to discover that the HOA financials are under water or if I don’t like particular HOA rules for some reason, is that enough grounds to back out of a deal and get my earnest money back? Is it in the buyers judgement whether they’re willing to accept the HOA rules/financials or not, or is there some sort of threshold or standard? submitted by /u/Nomeii [link] [comments]

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