Selling in 2019?
Are you thinking about selling your townhome or condo this year? If you are, here are some important things you will want to keep in mind moving forward: You will need to order resale documents When selling in an HOA, there are a few special considerations to remember. The Minnesota State Statute that governs homeowner […]
Resale Disclosure Documents
A resale package is a packet of vital information provided to those purchasing a condominium or a home in an association. The package includes a complete set of recorded documents that govern your association. Typically, the documents included are: Annual Financials, Articles of Incorporation, Budget, Bylaws, CC&Rs, Insurance Declaration Page, Regular Meeting Minutes, Resale Certificate/Demand, […]
Things to Know Before Selling in an HOA
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 […]
Resale Disclosures: What Are They & Why They’re Needed
If you are selling your townhome or condo that is legally platted within a registered Association, you are required by Minnesota state law to provide a Resale Disclosure Package to the potential buyer. This package consists of a number of items including: Copies of the Governing Documents (Articles of Incorporation, Declarations, Bylaws, Rules, recorded Amendments, […]
Resale Disclosures
Are you selling your unit? You will reach a point in the process where you will need to order a “Resale Disclosure Package.” This typically happens when you have a Purchase Agreement in place with a potential buyer. The potential buyer has a legal right to review the Association’s Governing Documents, financial information, disclosure certificates, […]