So you’ve decided to take the plunge and move out of the HOA. It’s not as simple as just packing up and leaving. There are rules to follow, balances to settle, and potential buyers to inform. This guide will walk you through the process, ensuring you don’t miss any crucial steps.
Notify the HOA Board
The first thing you need to do when leaving your HOA is to inform the board. This isn’t just a formality; it’s often a requirement. Check your HOA’s governing documents for any specific steps you need to take. Early notification allows you to prepare for any deadlines or requirements.
Settle All Dues and Fines
Before you can even think about moving away from your HOA, you must settle any outstanding balances. Unpaid dues or fines can result in a lien on your property, complicating the sale process. Make sure your accounts are in good standing to avoid any hiccups.
Understand the Selling Requirements
Each HOA has its own set of rules for selling a property. Some may require specific paperwork, while others might impose transfer fees. Familiarize yourself with these requirements to ensure a smooth transition.
Schedule a Home Inspection
Many HOAs require a home inspection before the sale can proceed. This inspection checks for compliance with the community’s rules and regulations. Address any issues that arise to avoid delaying the sale.
Inform Potential Buyers
Transparency is key when selling a home in an HOA. Make sure potential buyers are aware of the community’s rules and fees. This openness can prevent last-minute cancellations and ensure that the new owners know what they’re getting into.
Prepare Necessary Documents
Most HOAs require sellers to provide buyers with a package of essential documents, including the community’s governing rules and information on HOA dues. Make sure you have all the required paperwork to avoid any delays in the selling process.
Your Next Steps: Engage With Ardent Residential
If you’re considering moving out of an HOA, preparation is key. From settling accounts to understanding the rules, each step is crucial for a smooth transition. For those looking for professional assistance, Ardent Residential offers homeowner management services in Sandy Springs. We provide a range of services, including customized community portals and amenity calendars, to make your move as seamless as possible.
Read further for more tips on effective HOA management.
A partnership with Ardent Residential means a hedge of protection for your Association, with Ardent’s Value Guard™ protection plan. Value Guard™ is the only product of its kind, and guarantees against falling property values. CLICK HERE to find out more!
