We are selling our home. What do we need to know?
The Property code requires an HOA to furnish upon request a disclosure statement about your property called a Resale Certificate. This document is normally requested by the title company prior to closing but can be ordered at any time up to 90days prior to your closing.
The Resale Certificate includes all the legally required HOA disclosures as well as a copy of the deed restrictions for the buyer. It protects you from later claims by the buyer that you did not disclose any of HOA related issues. The Resale Certificate also notes any outstanding unapproved structures or modifications as well as any outstanding account balance due to HOA.