Why Do I have to pay for a resale package?

ReSale Explanation

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.

It is essential that management companies prepare these documents individually for each owner.

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 HomeWise Docs 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. If you are ready click the HomeWise Button Below

Homewise Docs

Learn More Below About Why You Need These Documents

You wouldn't buy a home without and inspection right?

RESALE ORDER INSTRUCTIONS

Create/Login to your account:
- Go to our homepage www.HomeWiseDocs.com.
- Click on the Sign Up tab or enter your Username and Password and login.
- Click on the Place New Orders tab found directly after logging in.
Find your association: (Please refer to the Search Tips)
- Select the Search Type.
- Enter the address or association name.
- Specify the transaction type as either Purchase/Sale or Refinance, and click search.
- Click on the association name under the search results section.
Select your items:
- Locate the document(s) you need and select the box to the right.
- Click continue at the bottom of the page.
Complete your order:
- Proceed and enter the buyer and seller or current homeowner information; click continue.
- At the delivery and payment page enter the appropriate information; click continue.
Review and Place Order:
- Review your order and add/remove items if necessary.
- Click Place Order. You will receive a confirmation number and an email confirmation as well.

GET FULL DISCLOSURE

The Resale Certificate protects the buyer from purchasing into a community association without first obtaining "full disclosure". The disclosure statement includes the legal or pending legal status of litigation involving the Association. It also contains up-to-the-minute information about the assessments owed, outstanding special assessments and even pending assessments. The association's financial status and any outstanding loans owed by the association are included. It also provides any covenants restrictions or violations on the unit. All of these questions are answered and are entered in real time by a staff member when the order is placed. The document is not static: it requires keen oversight as the questions are researched and completed.

GOVERNING DOCUMENTS CHANGE

Many homeowners think these are the same as when they bought their homes. The truth is that over a period of time the board, with an owner vote when required, makes amendments, resolutions and changes to the Rules and Regulations on a regular basis. It takes staff to keep up with all the changes and add, delete, and replace the documents as they receive the new ones. Document management requires staff to change the documents and then upload the new ones to the website so we can just “push the button".

STATE LAW NOT ACRI'S