What's the situation that "the HOA wants to talk to their lawyer to see what to do about the property", huh? Does the HOA own it, large back fees that need to be negotiated, etc.? If nothing else, make your offer, and your due due diligence/inspection period Begins when you receive whatever relevant information you're looking for from the HOA. The whole thing sounds odd, unless there's something going on you haven't mentioned. Does the HOA own it, due to a HOA foreclosure, and there's still an upside down mortgage on it?
Well, if I were your buyer's agent, and the seller's agent couldn't/wouldn't supply any info, I'd simply call the HOA's attorney who is involved. After you give the seller's agent enough time, it's time to do what needs to be done. I don't see any ethical issues doing this. I don't any way an HOA could unwind an individual owner's sale though. Since you'd control the board shortly, I wouldn't be that concerned about the one unit owned by someone else though. If so, again I'd call that individual unit owner at this point point.
@Wayne Brooks That's what I was thinking.. And I wanted to find HOA info myself, and call them myself, not to wait on the agents, bc I need to make things happened, and I don't have a luxury of the time to wait until they do something.. And I didn't think it was unethical bc she had more than enough time to get updates. Plus, when one unit was sold she (seller's agent) has no idea about it.. And she is supposed to know everything about the property she represents. So I think I'm going to find the HOA info and contact them myself! Thank you for your response!
Go to the neighborhood talk to a homeowner there and ask them whats the name and contact for the HOA. I have actually done this before
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing