Hoa resale certificate template 2025

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After a purchase contract has been signed, the seller must provide the buyer with a resale package. The buyer, seller, title company, or real estate agents will request the package from the HOA board or management company 30 to 60 days before closing.
While your agent or escrow company typically orders the appropriate forms for closing, homeowners can also directly request an HOA resale certificate or other disclosure materials from the communitys management company or HOA board.
Some states require that the seller, or homeowner, pay for the resale package while others assign that financial obligation to the buyer. The question of who orders it usually depends on who pays for it.
Who completes the information for the resale certificate? Because the associations property management company handles the accounts receivable for the association and has the rest of its accounting information handy as well, the management company will complete the certificate as a service to its clients.
The resale certificate provides specific information about the home in the transaction and its standing in the community association. It includes any past-due payments to the association, pending violations, unpaid violations, unpaid special assessments, and fees that are due upon closing.
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An HOA resale certificate provides the buyer with important information regarding the homeowners association. This includes details about the current HOA budget, any anticipated expenditures for the upcoming year, and the amount the association has in reserve.
Most of the time, the seller may cover the transfer fees as part of their closing costs, serving as an additional incentive to the buyer. And this can actually go both ways in specific scenarios, as some sellers may take on these costs and help confidently secure their purchase.

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