Things To Know If You Are Selling Your Home in an HOA

Selling a house can be a tedious task especially if you are a busy professional and have less time managing your property. You might not be able to look into the entire process from inspections, and listing to closing the deal. That’s why, it is suggested to have a Scottsdale az hoa management with you all the time in the process so that they can look after various complicated steps. They can reduce your hassles and stresses if you have them with you. It is important to learn what you must do if you are selling your home in an HOA.

Do your research

It is highly recommended to do research about the price in the market. Every society or community has a set price for houses and flats. To do so, it is strongly recommended to get in touch with the HOA because the company might be dealing in buying and selling the property in the community. This way, they can inform you about the current price so that you can make the right decision about selling your house at the right time. 

Inform the HOA

Once you believe that it is time to sell your house because the price seems lucrative, you should inform the HOA. This is because you will have to follow a set of guidelines if you want to sell your house in an HOA. The board should be informed before you close the deal with the customer. Additional information includes payments, transfers, open fees and inspection reports.

Resale documents

These documents should be handed over to the potential buyer in which the laws, resale certificate, insurance details and the company representing the house should be mentioned. These documents should be created as per the state laws to avoid any financial conflicts between the parties. It can protect the rights of both sellers and buyers in many ways.

Pay all your outstanding fees 

Before selling the house and handing it over to the buyer, it is strongly recommended to pay all your bills and dues. The buyer should not face any problems after he has acquired possession of the house. A lien will be attached to the house if you owe any money to the HOA. That’s why, it is suggested to clear your dues. Otherwise, the amount may be deducted from the final payment you receive from the buyer.

A HOA can help you sell your house in a better manner. +

Leave a Comment