The HOA resale package plays an important role in the sale process of a home in an HOA community. Both buyers and sellers should understand what a resale package is and what its contents are. Similarly, board members and community managers alike should prepare themselves to provide this package when faced with a request. …
There is a lot more that goes into selling a house in an HOA than one might think. Sellers must prepare certain documents and make certain disclosures to potential buyers prior to closing. This is because not everyone wants to live in a community managed by a homeowners association. Some states even mandate sellers to…
Several closing costs come with the purchase of a new home. And if the house is part of a homeowners association, one of the costs is the HOA capital contribution. But what is this fee anyway? Understanding the HOA Capital Contribution Fee Buying a home is one of the most significant investments. But, homes…
Large-scale investors prefer to buy up properties in homeowners associations. But, do institutional investors in HOAs have a positive or negative effect on the community? Institutional Investors in HOAs: What They Do Institutional investors are entities that accumulate funds to buy real estate and other assets. Within the context of homeowners associations, institutional investors…
Buying or selling a house within a homeowners association is not always easy. There are several moving parts involved, including having to provide a resale certificate. But, what even is an HOA resale certificate in the first place? What Is an HOA Resale Certificate? An HOA resale certificate provides the buyer with important information…
Homeowners are often surprised to discover additional fees and documents that are required before they can sell their property. For those who have received an HOA demand payoff letter, know that you are required by law to submit this requirement. To make the process clearer, here’s what you need to know about an HOA demand…
Everyone knows how confusing governmental processes can get. The Federal Housing Administration is no exception. If you are considering FHA condo approval for your community, here are some of the things you ought to know. Common Questions About FHA Condo Approval Answered There has been a great deal of debate about how to successfully…