RE:RE:SchnepsThere was a promo video put out last year that had the reservation number at (350). They have been compiling that list for years now so how accurate/up to date it is questionable. From my understanding the HOA fee structure needs to be in placed because there is a budgetary review for things like the apartments, paired homes and townhomes. The HOA fees also cover exterior finishes for those dwellings.
How many of those reservations have bought somewhere else, lost interest due to rate increases, decided not to move from their existing residence or even died it completly unknown currently. Every reservation requires a followup to determine if they are still interested. Once the DRE yellow report is received they can take non-refundable deposits.
That's my understanding of the process.
Below is what must be disclosed :
Disclosure -
By law, certain information must be disclosed in the public report.. DRE guidelines are specific on certain other disclosures that should always be included in the public report. Beyond that, it is staff’s responsibility to determine what facts should be disclosed, based on particulars of the file. Generally, the public report discloses:
• Name of applicant
• Location and size of the project
• Map and CC&R recordation data
• Purchase money handling
• Conditions of sale
• Assessments, if any
• Transfer fees
• Taxes
• Utility servers
• Water source
• School information
• Sewage disposal
• Unusual adjacent uses and zoning
• Airport Influence Area
• Subdivisions within the San Francisco Bay Conversation And Development Commission jurisdiction
• Notice of Right to Farm
• Hazards, if any
• Unusual title conditions
• Location of soils information
• Common interest project management
• Common interest project maintenance and operational expenses
• Any unusual costs that the consumer will have to bear.
• Unusual restrictions or conditions imposed upon buyers.
• Unusual easements, rights of way, or set backs.
• Any special permits that may be needed in order to build houses, sewer systems, etc.
• Any unusual or potentially harmful financial or conveyance arrangements.
• Anything else that would assist the potential purchaser in making an informed choice.