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Charlotte Sellers - Are High HOA Dues Keeping Your Condo from Selling?

Charlotte Sellers - Are High HOA Dues Keeping Your Condo from Selling?



Charlotte NC condos for saleIf you’re a Charlotte condo seller in a complex with high HOA dues, there’s a good chance that those high dues are interfering with your condo sale.  Buyers typically search for pricing that is within their mortgage range but, often forget to include the  HOA dues for the complex.  Buyers often don't realize that the  HOA dues cover items that they are used to paying separately - the inclusion of water, cable & amenities are often forgotten in condo write-ups.

A good agent will keep their buyers informed about the Homeowners Association dues but, on occasion, a buyer falls in love with one that they ‘think’ they can still qualify.  The loan process begins and just prior to Closing, the HOA questionnaire that is sent to the Home Owners’ Association’s management company is returned, reflecting the high dues and capital contribution fees that weren’t previously known or taken into consideration. This can often delay or completely squash the Closing of your Charlotte condo. 

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Have you thou
ght of offering a year of HOA dues for your buyer? That incentive alone, may just get your Charlotte condo SOLD! 

 

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As a Charlotte condo seller, have you thought of offering a year of HOA dues for your buyer?  Perhaps your buyer has a great job but, they’re expecting a promotion in the next few months, making those HOA dues more affordable to them in the coming year. 

Seriously consider offering a year of HOA dues for your buyer. That incentive alone, may just get your Charlotte condo sold, leaving your neighbor’s condos still on the market!  Sometimes being creative, can mean the difference in selling your Charlotte condo...or not!

 

 

 

© Debe Maxwell | The Maxwell House Group | SavvyBroker@me.com | Charlotte Sellers - Are High HOA Dues Keeping Your Condo from Selling?

The Maxwell House Group Charlotte NC

 

  Charlotte NC Homes for Sale

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Charlotte CRS Agent


Debe Maxwell, Realtor®/Broker/CRS

RE/MAX Executive

CharlotteBroker@icloud.com
Direct:  (704) 491-3310

 

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Comment balloon 2 commentsDebe Maxwell, CRS • October 28 2019 02:27AM

Comments

Hi Debe - a good point regarding HOA dues in Charlotte.  That has been apparent in our market as well.  Is there a reason for that amount?  Is it comparable in competing complexes?  Are there any pending association assessments?  If there are, why?  Poor management or something else?  A little bit of searching can lead to some answers.  Having a solution such as prepaid dues may be just the right strategy to make a condo sell.  

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 11 days ago

Hi Debe Maxwell, CRS - This is exactly what makes a great REALTOR®. We have to be able to help our clients whether a buyer or seller find solutions that bring them to be able to make a deal. It is in our ability to negotiate and the ability to market. Great post to point that out.  I hope your potential clients will see your ability to help them. 

I put solutions right in my tagline for this exact reason. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 11 days ago

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