Get Sample Homeowner Association Resale Certificate

What is a Resale Package? A resale package contains vital information to those purchasing a home in an association. Resale certificates reduce the liability for the HOA if the seller isn't up to date on payments, thus ensuring that it's the buyers' responsibility, after a certain time period has passed, to pay the HOA.

Document Package The document package for each association is available for purchase online at www.homewisedocs.com. There are multiple packages to choose from which can contain the association's CC&Rs, ByLaws, Articles, Budget, Minutes, etc.

An HOA statement of receivables, or accounts receivable statement, is a document that details the outstanding charges owed to the community association. This can be from sources such as overdue assessments, vendor credits, late fees, or any other outstanding source of income.

When requesting financial records, begin with a phone call or email to the board or management company. You should check to see if you need to put your request in writing or if fees are associated with your request. A friendly request will go a lot further than a demand and accusation.

When you sell a home that is part of an HOA in the state of Texas, Texas Property Code Chapter 207 requires an HOA to provide disclosure. This disclosure/information is called a resale certificate . ... By law, the HOA can charge a reasonable fee to assemble, copy and deliver a Resale Certificate .

What Are Resale Certificates? In Texas, the sale of a taxable item that is intended for resale is exempt from sales tax. ... Basically, the resale certificate is a guarantee to the seller that you intend on reselling the items and that the sales tax doesn't need to be collected at the time of purchase.

You should be able to find a copy of the CC&Rs on your county assessor's official government website. If the document is not there, you will at least be able to find the contact information for a person who can help you.

The Resale Package will vary from state to state. Typical documents included are: Annual Financials, Articles of Incorporation, Budget, Bylaws, Declaration-CC&Rs, Insurance Dec Page, Regular Meeting Minutes, Resale Certificate/Demand, Reserve Report, Resolutions and Policies, Rules and Regulations.

Resale are properties that are previously owned and re-selling not new. Foreclosures are properties that were previously owned and the owner failed to make the mortgage payments therefore the bank foreclosed took back the property.

Because many HOAs have a set of rules you must follow before you can sell. Plus, it may need to collect any outstanding fees you might owe. ... Providing buyers with a homeowner resale packet might not be too inconvenient, but extra fees your HOA can tack on to your sale certainly can be.