Jun
15
Do you know what the rules are?
Posted by Karen Weldin under For Buyers, For Sellers, For Realty Professionals, Regional - Midwest, General Information, Lake Eufaula, OK
When you buy a home or land, do you know what the rules are? Do you ask for a copy of the covenants and restrictions? As a REALTOR, do you read the covenants and restrictions of the properties you have listed or the property you have under contract? It is important for your as a REALTOR to help educate your clients and customers and it is important for buyers to ask for a copy of these covenants and restrictions. It is also important for the seller to offer a copy of the same to the REALTOR and buyer. REALTORS and sellers also need to remember that they are not attorneys. Don’t read these documents and try to interpret them on your own. Many times it may appear as though the restrictions and covenants may not apply any longer - don’t assume this. Ask for an attorney’s opinion. Don’t assume you don’t have to abide by these rules just because there may not be an active Home Owner’s Association. Get a copy of the restrictions and covenants and if you have any questions - seek an attorney’s opinion. It is best to be safe rather than sorry!
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