The HOA may also need to inspect the property for violations and make security changes (like creating new security cards, or resetting locks). These documents typically include any governing covenants, convictions and restrictions, rules and regulations,įinancial statements, amendments, and property defects. When a homeowner in an HOA sells their home, the HOA has to gather copies of all relevant ownership documents and transfer them to the new owner. HOA transfer fees are sometimes called HOA certification fees. One of the main benefits is that no house can become garish overnight or display possibly controversial items (like political signs or flags).īreaking the rules can result in a fine - and unpaid fines or dues can result in a lien against the property.Īn HOA transfer fee covers the administrative costs of transitioning HOA documentation from one homeowner to the next. HOAs typically create uniform neighborhoods with control over things like grass height or exterior paint color. HOAs also set rules about what you can (and can't) do with HOAs typically provide some level of maintenance in exchange for your dues. HOA fees are dues paid to an HOA, which is a private, self-governing body that oversees a neighborhood or building. » MORE: Learn how Clever works and how much you could save! We recommend Clever Real Estate, which can put up to 0.5% cash back in your pocket at closing in 41 states! If you're buying in an HOA community, it's a smart idea to use a good agent who can tell you what you're getting into. Many states have no regulations on HOA transfer fees, resulting in some HOAs charging very high fees. While transfer fees are typically low, it's not a guarantee. The HOA transfer fee is a one-time charge and is different from regular HOA fees, which are due monthly or annually. HOA transfer fees typically cost between $100 and $400 - but the exact amount is determined by the governing HOA. ![]() If you're selling a house or condo with a homeowners association (HOA), you will likely have to pay an HOA transfer fee. HOA transfer fees can also include costs related to things like adding new security cards or rekeying locks on the property. ![]() HOA transfer fees are administrative costs charged by an HOA for organizing and transferring documents from the seller to the buyer.
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