XC Realty

Mortgage Term of the Day:
An HOA is an organization in a neighborhood, condo, or community that manages shared spaces and enforces rules to maintain property values.

💵 Monthly/annual fees are usually required
📋 Rules may cover landscaping, paint colors, pets, and more
✅ Benefits: Clean common areas, community amenities, and preserved home values

Before buying, always check the HOA rules and fees—they vary widely!