Homeowners, each month (quarter) you contribute into this shared pool of financial bliss that keeps your community looking great, reminds you when your trash cans have been out too long after pickup and is governed by folks like yourself, your neighbors. Whether in a condo association or a home owners association, there's rules to live by...and just be prepared that you're in compliance when looking to sell.
It seems to never fail, we get a contract on the house, things are running smoothly with the buyers financing, home inspections items have been negotiated and taken care of, and you've done all but pop the bottle of Moet. Then the resale certificate/package comes in with the cover page that reads: VIOLATIONS
It's entirely possible that you've been living in the same house for years, and you repainted the siding your favorite shade of grey, (6 years ago), and added rubber mulch to your flower beds, because it seemed to make sense to upcycle and twart those pesky wood-destroying insects from invading your home; and lets not forget about the deck you personally stained last summer on the hottest day of the year, because it was a project that had been on your "to-do" list for many years. Yet, on that lovely cover page of the resale package under the heading Violations, are all of your labors of love. And yes, that's right, the buyer needs its all cleared to move forward with the deal...
The truth is, it happens. All.Of.The.Time.
Sure, it would have been nice of the association to cite you during the annual inspections, but they didn't. And now you're on the hook for correcting it all, prior to settlement. Best defense is a better offense, make sure you and your agent are prepared for as many "what-if's" as possible. After you've set the date to list, give your boss, err, I mean association board a call and have them give you a green light, far ahead of when time comes to get the resale certificate prepared.
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