Buying or selling a home in a community association comes with specific processes and fees. Understanding these requirements ensures a smooth transaction. Below is a guide to help you navigate the process efficiently. We’ve partnered with CondoCerts to offer a convenient process for ordering and delivering resale disclosures, refinance disclosures, and other closing documents.
Administrative costs for updating ownership records, preparing documents, and changing access credentials for community amenities.
State Statute governs the cost.
Generally the seller, though this can be negotiated in the contract.
A resale certificate provides essential details about a property within an HOA, including outstanding assessments, pending violations, the association’s budget, and any ongoing litigation. Typically included in a resale package, it also contains governing documents such as the master deed, bylaws, rules, and financial disclosures. The seller is generally responsible for ordering and covering the cost of the resale certificate, though this may vary based on state and community regulations.
Your title company will submit all necessary documents to transfer the property ownership to your name. They will also include any payments collected at closing. Please allow 30 business days from the sale date for mailing and processing. If you need immediate gate or amenities access, you can contact us directly.
Familiarize yourself with the community association’s Covenants, Conditions, and Restrictions (CC&Rs), bylaws, and rules.
Work with experienced real estate agents, attorneys, and association management professionals.
Ensure the sales contract specifies who is responsible for each fee to avoid disputes.
Association-related fees & regulations vary by state & community. Understanding these requirements helps prevent unexpected costs.
