HOA fees
Resale Certificates are often a frustration when buying or selling a property with a Home Owners or Property Owners Association. They are required when selling a property that has mandatory dues or assessments paid to an HOA. What is a Resale Certificate? A resale certificate is actually a set of documents prepared by the HOA…
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For performers, the winning combination for success is singing, dancing, and acting. In condos, it’s location, selling price, and HOA dues. In every condo purchase, the topic of HOA dues comes up. For buyers comfortable in the digital age, that topic and resulting self-editing arrive when listings and HOA dues pop onto computer screens. That’s…
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By Lydia Blair Special Contributor At closing, some items, like real estate taxes, are divided up between the buyers and sellers so that each party pays their share of the expenses. This is called proration. The amount each party pays is based on the number of days in the year (or month) that they own…
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When a condo is first built and still controlled by the developer, HOA dues are kept low to not scare off buyers. Once the developer is gone, those payments have to be reassessed to ensure they meet the needs of the ongoing repair and maintenance of the building. (Hint, they’re not.) The Mayfair, neighboring Lee Oak…
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