Selling this summer? Don't forget the "HOA" !

By
Managing Real Estate Broker with Full Circle Property Management

So, selling this summer? If you are like many others across the country, you may live in a Homeowners Association (HOA). If so, you might consider these items before selling:

  1.  Are your dues and fees paid and current? You will have to pay (or receive credit from buyer) up to the day of closing, plus any fees or fines on your account. Check and pay past fees in advance of selling to avoid surprises!                                              
  2. Do you have any unresolved issues, like fines or violations? They don't go away because you decide to sell.
  3. Is there a transfer fee to sell? I bet there is!
  4. Do you have copies of all the needed HOA documents to pass on to the buyers? If not, get them now or you could have a delay at closing.
  5. Are you allowed a sign? Check before you incur a fine or use the wrong colors or put it in the wrong locations.

Paying attention to your HOA rules will make the sale a bunch smoother!

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Rainmaker
2,445,076
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Dennis Swartz Those are important HOA questions to know when selling a home.

Jun 24, 2017 09:40 AM #1
Rainmaker
206,632
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Thanks John-Nothing like the closing day scramble!

Jun 25, 2017 03:54 AM #2
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Definitely something that as a listing agent, I prefer to know before it hits the market and as a buyers agent, before we submit that Offer!  HOA issues can definitely be huge obstacles if one stone is left unturned prior to Closing.

Happy Sunday, Dennis!

Jun 25, 2017 08:02 AM #3
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I do a lot of investigation to have the answers and be ready to make sure my buyers have what they need.

Jul 02, 2017 06:42 PM #4
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Dennis- this is so important. Agents on both sides need to know all of this information about the HOA. It wasn't until after our friends moved in that they learned that no pick up trucks were allowed at all in the community.

Jul 03, 2017 08:33 AM #5
Rainmaker
1,598,762
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Dennis - those are all important points they you must know when selling.

Jul 17, 2017 08:47 AM #6
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Rainmaker
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Dennis Swartz

MBA, GRI...experience counts!
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