Buying A Home With Restrictive Covenants? Do Your Research First!

Many homes for sale in Wake Forest NC are located within subdivisions that have Restrictive Covenants and are Wake Forest NC Homes For Salesubject to regulation by the Owner’s Association.  For that very reason, it is CRITICAL that you review the Restrictive Covenants and Bylaws PRIOR to signing an Offer To Purchase Contract

It is your Real Estate Agents responsibility (Buyer’s Agent) to provide you with the covenants prior to signing the Offer To Purchase.  After reviewing you will not only need to sign the Offer To Purchase, provided you accept the Restrictive Covenants, but also the Owners Association Disclosure and Addendum if the purchase is a ReSale.

The Owners Association Disclosure and Addendum will provide you with the Name, Address and Phone Number of the Homeowners Association as well as what is “paid for” in the monthly or annual Association Dues.  It is very important that you read this information first BEFORE signing an Offer To Purchase contractBy signing the Offer To Purchase you are accepting the Restrictive Covenants and Bylaws. 

If you are searching for Homes for Sale in Wake Forest NC you will want to call me, your Wake Forest NC Real Estate Agent!  I live here, work here and play here – ask me anything!

Don’t forget to stop by my Wake Forest NC Neighborhoods page for some highlights on some of the Neighborhoods in Wake Forest – I am continually updating the neighborhoods and if you don’t see a specific one listed just send me an email and I’ll get the information to you!

 

Originally posted at Discover Wake Forest NCPurchasing A Home With Restrictive Covenants? Research Before Signing!

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