Friday, August 11, 2017

HCA RESALE DISCLOSURE DOCS UPDATE

To conserve, protect, and enhance the value of all real property subject to Fairfax County Codes and the Amended Reston Deed, the County, RA, and HCA established standards that govern the upkeep, use, occupancy, condition, and physical appearance of that property.  Upon purchase, HCA Member homeowners agree to maintain their Goodman Houses in compliance with these standards.  If they do not fulfill their obligations, then RA and HCA typically cite them for non-compliance as part of the disclosure process leading to home resale Settlement.  At that point, resolving non-compliant items becomes a negotiated matter between Sellers and Buyers, and Buyers inherit full responsibility for all unresolved non-compliant items.  Unfortunately, some Sellers just pass on these problems to Buyers, some Buyers never resolve them, and the architectural integrity and unique value of Hickory Cluster spirals downward.  So to encourage timely resolution, Goodman design preservation, and higher property values, HCA now notifies Buyers within the HCA Compliance Summary that they must resolve non-compliant items within 90 days after Settlement if Sellers have not already resolved them.  If unresolved 90 days after Settlement, HCA will act further to enforce compliance.  For reference, see RA Cluster Housing Design GuidelinesRA Use and Maintenance Standards, and HCA Governing Documents.