Our real estate broker will assist your efforts in the process of buying and selling your HOA or COA.
We will inform you of what you need to know when buying or selling your town-home or condominium with-in the association.
When it comes time to sell your investment, it is important for you to inform your property management group that you’re selling. Your property manager will create an “Association Certificate of Sale” for you. This package contains, By-Laws, Covenants, Rules & Regulations, Association Budget, Association Fees and your financial status with the association. This will advise potential buyers of the association’s governing rules & regulations and financial status. It is required this certificate be disclosed to the buyer according to state law and the buyer knows what is to expected regarding HOA or COA dues, rules and regulations.
If you are moving, you’re also required to inform your association. Why? Most associations have a set of rules you must follow before you can sell. The association may need to collect any outstanding fees you may owe. If you don’t owe any past dues or fees and you are planning to sell you will still need to contact your board before you can close the deal on your real estate.
You may be required to obtain a home inspection report if your association requires one but, normally the buyer will furnish you a copy. (This information can be found in the bylaws of your HOA or COA.) Your state may also require you to transfer what’s known as a “homeowner resale package” or “association certificate of sale” to your buyer.
Boss Property Management Group, LLC we will happy to assist you with your purchase or sale of your property.