When it’s time to sell your home within a community governed by a homeowners association (HOA), there’s a specific fee that often takes sellers (and some buyers) by surprise: the HOA transfer fee. This cost is just one part of the broader selling process, but it can raise questions about its purpose, amount, and who’s responsible for paying it. If you’re gearing up to sell or buy a home in a managed community, here’s what you can expect when it comes to HOA transfer fees. HOA transfer fees are charges levied by a homeowners association when ownership of a property within the HOA’s jurisdiction is transferred from one party to another. These fees can cover a range of administrative costs, including the processing of documents, updating records to reflect the new ownership, and ensuring the incoming owners are fully informed about the HOA’s rules, regulations, and financial status. Unlike regular dues or assessments that cover the ongoing maintenance and amenities within the community, transfer fees are a one-time charge occurring during the sale of a home.What is an HOA transfer fee?
