2 ms·
I would assume the sale price of your property would be higher if it's part of a well managed HOA with 500k in reserves than if it's part of a dysfunctional, in
by BobaFloutist 1y ago
I would assume the sale price of your property would be higher if it's part of a well managed HOA with 500k in reserves than if it's part of a dysfunctional, insolvent HOA, so the previous property owner kinda already got paid out for their contributions.
It's like selling shares of a company with significant cash reserves before/after they choose to liquidate a chunk of them into dividends or stock buy-backs, I would hope you priced the shares accordingly and have nothing to be mad about.
- firesteelrain 1y agoUnfortunately when a home is appraised, the solvency of the HOA is not allowed to be taken into account
- RandomBacon 1y agoAppraised for the mortgage company? The potential buyer can still inquire and factor that in, right?
- firesteelrain 1y agoNo, it’s not public information