Tips for a smoother selling experience in a small HOA.

Small choices make a big difference when you’re selling your HOA property.

Step One: Look for a Realtor with experience selling homes in an HOA. 

An agent with experience selling homes in an association will know how to prepare you for specific transaction requirements that other homes don’t have.  When you interview prospective listing agents, ask about the specifics of selling an HOA property in your state. An experienced agent will help you and your buyer avoid scrambling and complications.

Step Two: Start early planning for your HOA sale!

Additional information and financial reporting will likely be required for your sale. Information requests take time, effort, and resources. Based on your important transaction dates, submit requests at least two weeks prior to closing or disclosure needs.

Important: Don’t let transaction costs surprise you.

Lenders, attorneys, and escrow officers will need reporting on specific information about your association.

Some of the resources the seller needs are always available to sellers on the HOA owner portal.  There are customary fees for questionnaires, certification, and other reporting for a transaction. Costs for reporting vary based on what you need for your transaction, and where you live. 

Sellers may need to pay for these reports. Ask your agent, closing team, or MicroHOA for guidance on what information you can get free.

Step Three: Notify MicroHOA when your home goes on the market.

It is required to notify the HOA when a property is listed for sale or rent.  All you need to do is send notification to transactionsupport@microhoa.com.  We’ll do the rest.

Step Four: Find resources you need for your sale.

MicroHOA has compiled a customized guide for you and your agent. On your owner portal, go to Documents/Seller Realtor resources to find FAQs specifically for your HOA, and instructions about where to get what you need.

Share this with your listing agent: Selling your HOA property: https://www.microhoa.com/blog/selling-your-hoa-property

Step Five: Confirm rules in your HOA bylaws.

Review your bylaws for rules for sales in your community. The owner is ultimately responsible for compliance, so check before you list!

Questions?  We want to help.  Log in to your owner portal and submit your question to MicroHOA or your board of directors. portal.microhoa.com