Helpful Hint of the Day

by Steve Berg on September 6, 2007

Helpful Hint of the Day

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If you are a condo owner and contemplating selling someday (almost everyone), you may want to look over your CC&R’s, HOA Rules, etc. to determine the restrictions for marketing (i.e., “for sale” signs). We have recently run into two different HOA’s that only allow signs in windows.

I understand the need for these rules, in general. However, in our recent cases, due to the design of the buildings neither of our listings have windows that face in a direction where a “for sale” sign may actually be seen. Many other units do. This is blatantly discriminatory and probably illegal. Worse, it hinders the marketing effort. People who live in a community and see a “for sale” sign while driving or walking past the unit are sometimes the best sources of potential buyers, such as their friends or relatives.

It is reasonable to limit the size and location of marketing signs, but it is ultimately self-defeating and can hurt the value of these properties when reasonable marketing is prevented, while discriminatory restrictions are allowed.

If you are in one of these communities, you should contact your HOA board members and/or attend your monthly HOA meetings and start the process to eliminate these practices.

   


ABOUT THE AUTHOR  Steve Berg is Broker/Owner of San Diego Castles Realty. He is an awesome agent and an all-around great guy. When he is not dazzling clients, he contributes the occasional article here.


{ 2 comments… read them below or add one }

CutchaNo Gravatar September 13, 2007 at 11:29 pm

Thanks for the tip. As we are just learning about dealing with HOA’s. Any tips about open house traffic? I know with inner condo’s sometimes there is limited parking for potential buyers.

Steve BergNo Gravatar September 14, 2007 at 7:52 am

Cutcha – Good comment! Parking for both owners and visitors varies from one development to the next. One of the two recent listings I referred to in my post has ample and well located interior parking. The other is more average. Holding an open house is fairly straight forward since we are able to use directional signs without violating HOA rules (except in rare cases).

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