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