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Who pays for the HOA resale package in Texas?

The cost for obtaining a resale certificate in Texas is capped at $375. Since it is the sellers responsibility to provide it, the seller typically pays this expense at the time it is ordered. HOA management companies usually expect payment upfront before they will process an order.

Why do you need a resale certificate in Texas?

The resale certificate is the sellers evidence as to why sales tax was not collected on that transaction and should be retained in the sellers books and records for four years.

What is the HOA resale certificate in Texas?

Make sure the Texas resale certificate form is completely filled out This includes the buyers name and what they sell, your store name, and a detailed description of the items bought for resale. You should also have the buyers address and signature.

Who pays for the HOA resale package?

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.

What is an HOA resale disclosure?

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.