Paying Your HOA Dues

Many people who choose to move into modern subdivisions, neighborhoods, and condominium developments find that they are required to pay dues to an established homeowner’s association (HOA). HOA dues are often collected to maintain exterior landscaping, pools and recreational facilities, and may pay for special events or other features of the community. Failure to pay HOA dues may have serious consequences.

Neighborhoods that have homeowner’s associations typically collect dues on a monthly or quarterly basis. The presence of a homeowner’s association must be disclosed prior to purchase, and a contract with the association is typically part of the closing process. If you would like more information about Austin homes and neighborhoods with homeowner’s associations, contact an Austin real estate professional of the Carvajal Group at 512-419-7770.

Failure to Pay HOA Dues

Failure to pay your HOA dues may have the following consequences:

• Homeowners may receive late notices and written warnings
• Late fees and fines may be assessed
• Liens may be placed on the home and must be paid before the home can be sold
• The property owners may face foreclosure for failure to pay dues

Many homebuyers do not take into account the seriousness of paying their HOA dues in a timely manner. When considering a neighborhood with an HOA, it is important to factor HOA dues into your budget to determine if you can truly afford the home in the long run.

Contact Us

If you are looking to purchase a home in the Austin area, contact the Austin real estate professionals of the Carvajal Group at 512-419-7770.