Before Buying In An HOA Community Ask These QuestionsSo you’ve bought a home in an HOA community. Be prepared for LOTS to read and know what to look for to avoid future problems. The most

Dated: December 2 2020
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I've been fielding calls all week from friends, family and clients asking about the impact of COVID-19 on the Phoenix real estate market. It's difficult to imagine an industry NOT effected by COVID-19. Consider this a side effect of the steps necessary in the short term, in order to avoid protracted, more significant impacts in the long term. Of course the real estate market will be impacted. We've already seen a slight increase in cancelled contracts by buyers getting cold feet related to fears of economic downturn. We've also seen a minor increase in sellers taking their homes temporarily off the market - less in response to economic fears, and more related to wanting to limit opening their home to strangers....and germs. The likelihood of a 2020 recession has increased. At this time, however, we are not seeing a significant shift in the market. And we have many reasons to be optimistic:
If you are hoping to sell or purchase a home by summer, don't necessarily place your plans on hold. There are things you can do to pursue your goals while taking extra care to buy or sell safely:
SELLERS:
BUYERS
I would be remiss as a former psychotherapist if I didn't make one more important point:
One of the most difficult things for humans to deal with is the unknown. We like to be able to anticipate consequences and require some level of certainty to feel in control. This situation is unprecedented for most of us. Anyone who tells you that they know what our communities will look like two weeks from now is not to be taken at face value. These are VERY uncertain times. If you've been feeling particularly fatigued, mentally foggy, unmotivated, anxious or irritable, you may be experiencing a malaise that comes from sustained uncertainty. Your best bet? Preparation - not just toilet paper stocking, but preparing for extended time at home with people you love, but never anticipated spending so much time with! Have a plan for keeping yourself healthy and for minimizing your contact with others who could be immunocompromised without you knowing it. Have things on hand that make you feel good - productive, in-control, enjoying being engrossed in something other than the news and every little cough or tickle. And stay focused on the CERTAINTY that this will pass. We will get through this as we have so many other crises. The more we care for each other and use common sense, the less impactful this time will be on real estate and every other aspect of our lives.
Family, Community, Home, Helping. These are the things at the core of who we are. As a home buyer or seller, that means YOU are among our highest priorities - whether you're a first time home buyer, i....
Before Buying In An HOA Community Ask These QuestionsSo you’ve bought a home in an HOA community. Be prepared for LOTS to read and know what to look for to avoid future problems. The most
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