You’ve found the right place.
It’s in a great location. You’ve counted all the closets, checked out the school system and more – but what do you really know about the homeowners association that you’ll be buying into?
Until now, there’s never been an easy way to know.
Introducing PARScore from Association Evaluation LLC. It’s the result of a standardized process for gathering essential background information on condominium and homeowner association properties. This critical info is not part of an appraisal. And it’s not covered in a home inspection, either.
The fact is, 72% of homeowner associations today are underfunded and face “serious financial problems” according to an Association Reserves 2013 study. Imminent special assessments and lawsuits impacting the property may not be disclosed.
How do I interpret PARScoreTM?
PARScore ranges from 400 to the highest possible score which is 900. We then categorize the numbers by a rating of AAA, AA, A, B, C, or D.
There’s more to knowing the score.
PARScore is delivered in our PARReport report. This is a multipage document that goes beyond the PARScore rating to provide a top-line summary of positive and negative factors that our process uncovers, and more as you can see from the picture below.
You can’t rule out emotion, but you can ask for a PARScoreTM.
Whether it’s your first home, or your first time purchasing a condominium or homeowner association property, it’s a big step in your life. There’s no doubt it will be an emotional decision. So, be sure to ask for a PARScore.
Here’s to happier home hunting with PARScore. That’s our real mission– to help you invest in a condominium with your heart and your head.
Never buy blind: Request our Condo Buyer’s Kit. In it, you’ll learn how to make sure a purchase is not final without all the information you really need. The kit is FREE and full of great advice for first-time condo purchasers.