Selling a Condo: Know About Upfront Cost!

Owners of condominiums are not always aware of upfront cost when selling their property.

Owners of condominiums are not always aware of upfront cost when selling their property.

Don't lose money on administrative HOA fees!

If you are trying to sell your condo or a home in a homeowners association, certain documents have to be transferred to the buyer, resulting in fees you might not have thought about. It can be helpful to evaluate these cost and calculate accordingly!

  • HOA Documents: Rules and regulations, Recorded Declaration of Covenants, Conditions and Restrictions (CC&Rs), Articles of Incorporation, Bylaws and any amendments have to be legally delivered to the buyer
  • Resale Certificate: In most cases, the seller has to order a Resale Certificate with information on the unit for sale from the HOA
  • HOA Transfer Fee: Lots of sellers are caught by surprise by a transfer fee to transfer the documents from the seller's to the buyer's name.

Know upfront what will show up on your settlement statement before selling your condo!

Our experienced real estate agents would love to support you when it comes to selling your home in Snohomish county!

Photo by Julian Paolo Dayag on Unsplash

Phone(425) 529-5100

Email[email protected]

Address Mike Novak
Novak Team at eXp
10025 19th Ave Se
Suite 101
Everett, WA 98208

Post a Comment