When you need to get somewhere fast... Use the Hennessy Venom F5.  When you need to amend a public report fast... use the 635A. Public Reports must be received and read by every prospective buyer before entering into a contract to purchase. It is always in your best interest to have an expert consultant in your corner, making sure you have the proper documents required to move forward with your...

When a common interest subdivision includes common facilities or services that are provided to a limited number of lots or units as a special benefit available to some purchasers but not all, then a cost center should be created. It would be unreasonable to collect assessments from all members of the HOA if only a limited number of lots/units are benefitting; thus the creation of the “Cost Cent...

When a new development is being marketed at start-up, the initial HOA Operating Budget is created based on estimates and projections - the improvements are usually incomplete at the time the Budget is created. As a result, the as-built improvements may be slightly different than originally planned. For Real Estate professionals marketing the new development and for the developers themselves, it...

In large developments, phasing the sale outs is inevitable, to avoid exposure to HOA assessments.   Most likely, the first few phases will have the majority of the common area due to the structure of the subdivision map, causing the HOA to be “front-loaded.” This front-loading of amenities results in the first phases having unusually high HOA assessments – heavy common areas with few homes to spre...

Planning and implementing your marketing budget is crucial to the success of your business. Defining your financial projections, determining expected capital expenditures, and understanding current and future market conditions will be essential to your project’s success. We know that our clients have timelines and sales objectives to be met that are imperative to achieving their goals. Do you h...

  When the California Department of Real Estate (DRE) became the California Bureau of Real Estate (BRE) in 2013, it was a whopper of a change for industry professionals. It was essentially a reduction and rearrangement of the Department overall, putting it under the Department of Consumer Affairs.  All of the applications, forms, documents, and titles had to be rewritten or revised. Now...

We have developed a convenient flow chart that will walk you through exactly what you need to know about Public Report requirements for your project. Our specialized staff at California Builder Services not only offers free consultations, but we will be able to promptly assess what Public Reports are needed to keep you on track to get your property on the market as quickly as possible. By fa...