This month’s tip comes from Crystal Spicher, Escrow Officer in our Lake Oswego office.
Is your listing/ home in an HOA?
Please keep in mind you will need to provide all HOA documents to the other agent in a timely manner. Most HOA management companies require a prepayment for the HOA demand and any additional documents requested. We encourage all agents to prepare their seller/s that they may have to prepay for these items. Your escrow team will reach out with instructions on how to do so.
Unfortunately, sometimes the prepayment can be more than the HOA dues themselves. Please be advised, we have no control over the amounts disclosed by your HOA nor the price to obtain this demand letter or documents. It is a requirement to pay the fee. If you have any questions about either of these two items; please contact the HOA management company or your HOA directly.
Please note that the prepayment is completely separate from the HOA dues.
