As spring rapidly approaches in Minnesota, you may be thinking of selling your townhome or condominium. In addition to fixing a few things and adding a fresh coat of paint to your walls, there are also a few actions and items you’ll want to familiarize yourself with regarding your HOA before listing your home. Because you live in a shared community, there are rules and guidelines in place for the protection of all owners in your association. Knowing these things before you have an offer in-hand will make your sale a smooth process.
A review of the Governing Documents for your association is a good idea to know what kind of things may be questioned about your association early in your selling process. If you need an updated copy of your Governing Documents, they are typically available on your Association’s website through Sharper Management.
As the seller, you will be required to provide resale disclosure documents about your HOA. These documents contain a wealth of information for a buyer that include things like:
* Pending litigation about the association
* Up-to-date information about assessments
* The association’s financial status
* Covenants and restrictions within the HOA
* Any violations about the unit you are selling
* Governing documents for the HOA
You may request resale disclosures through the Sharper Management website or visit this link directly to learn more. https://www.condocerts.com/