I would like to put the “new” $700 HOA related fees into perspective, if I may. I am a realtor here in
Sun City. Condo Certs is the third party who generates the HOA docs for many communities. SCA is one of them. There are state laws that define who pays for the HOA resale disclosure package. That falls on the Seller. The current standard charge through Condo Certs is $160. It will now be $165. The current charge for the “demand” is $150 and the new charge is $185. (The demand is a final reckoning of your HOA account to make sure it is clean — no liens or unpaid dues) and that is also a Seller charge. The current charges for setting up a SCA account is $200 and new charge will be $350. That charge can be negotiated by Buyer but it is the Buyer setting up his new account so should be a Buyer charge. There are no taxes on gains unless it’s over the $200,000 per person/$500,000 per couple (I’m not an accountant but this is federal Capital Gains) . $700 is a lot when you just look at the amount but it is a shared expense. The asset enhancement fee (1/3 of 1% of purchase price) is paid by Buyer (though in some markets could be negotiated) Total change is $190 shared with buyer. Hope this helps!