Some homeowners think that because they pay assessments every month they should not have to pay for a resale package. They are of the opinion that it is a bunch of pages all put together that just sits and waits for us to "push the button” when they place their order.
Resale Package Order Instructions
Follow the links to register and write down your username and password. CondoCerts Will contact you to verify your information and to activate your account.
Once your account has been activated, return to CondoCerts click on the login button and follow on the site to access the information you are seeking as follows:
- Select Project: Allows user to order Resale Certificates and Association Documents.
- Find a Homeowners Association:
- Enter name of association (not Homeowners Business Management). Abbreviations of the association name are acceptable and will broaden the name search, such as "harbor" for "harbor cove homeowners association".
- Entering an address is not required
- Entering the city name is required. If you are unsure of what city, you may enter an·'*" and that will broaden the search. This is the location of the association and not the management firm
- State is required, but zip code is not required.
- Upon submission, you will get a list of projects found. Choose the one that you are searching by double clicking on the project name.
- This will bring you to a screen that will enable you to choose the type of product you require.
- Enter all necessary information on the form. INCLUDE YOUR CLOSING DATE.
It Is essential that management companies prepare these documents individually for each owner.
1. It Is a legal document required by law
2. Resale package contains the governing documents
3. State requirements
Once the preparer confirms they have all the correct documents in place, the "button is pushed” and the purchaser receives his or her packet.
Acri Community Realty utilizes Condo Certs Services as the central point to order and upload documents to make it easier for homeowners to access what they want 24/7. There is a cost involved to the management company for these services. It is quite an involved process that takes a large amount of oversight and staff to provide state legal documents.
Why should the homeowner, not the association, pay for a resale package?
It wouldn’t be fair for all owners to pay for resale certificates through their maintenance fees, since the average annual turnover of homes In a community ranges from 10 - 20%. Just as an association should not pay for Realtor commissions, real estate processing fees, etc. that pertain only to one home, so should it not be responsible for the preparation and Issuance of resale packages for an individual owner.