Thinking of selling your home? Now is the time! Real estate is hot, hot, hot.
The current shortage of homes for sale stems back to Spring of 2020, as COVID-19 hit just before selling season. There is still very limited inventory, but there are plenty of buyers. Because the demand is so high and the supply is low, the value of your home goes up. Mortgage and interest rates are historically cheap, but listing prices remain high.
When selling in an HOA, there are certain steps and processes to take. Begin by reviewing your Governing Documents for your Association. Potential buyers will want to see documents pertaining to:
- Monthly Association fees
- Master insurance policy
- Bylaws, rules, & regulations
- Recent Association financial statements
- Current special assessments
It’s a good idea to hire a realtor who has experience selling properties in HOA’s. They will be able to assist you in gathering all the necessary documents.
We also recommend cleaning and staging furniture and décor to really show off the space. This will help them to envision their own items in the home.