Are you selling your home? We hate to see you go, but we do want to make the process as easy as possible on you and our new neighbor.
As you know, Great Hills Reserve is a mandatory HOA for all neighbors. As a part of your responsibility in this association, we charge a minimal annual fee of $50. This covers our base expenses from insurance to maintenance of our common areas, to expenses for our neighborhood events. Because of our extremely low fee, we tend to have nearly 100% participation response to our annual invoice. However, in the rare event that someone has missed paying their annual dues, all past dues will be collected at the time of the sale of your home.
There are two items that must be requested and paid for prior to the sale of the property. A Transfer Fee ($125) which transfers official membership in the association to the new owner, and a Resale Certificate ($75) which provides the statement of account regarding the seller’s membership in the association.
Resale Certificate and Transfer Fee:
The Property Code requires an HOA to furnish upon request a disclosure statement about your property called a Resale Certificate. This document is normally requested by the title company prior to closing but can be ordered at any time up to 90 days prior to your closing. The cost for the Resale Certificate is $75.
The Resale Certificate includes all the legally required HOA disclosures as well as a copy of the deed restrictions for the buyer. It protects you from later claims by the buyer that you did not disclose any of a range of HOA-related issues. The Resale Certificate also notes any outstanding account balance due the HOA.
To request a certificate, please send an email to treasurer [at] GreatHillsReserve.com with the following information. The Subject of the email must include “GHRHA” and “Resale Certificate Request.” (These email addresses receive a significant amount of spam, unless you include this information, your request may be lost to spam filters or high volumes of email.)
- Seller’s Name
- Seller’s Address
- Seller’s Agent’s contact information
- Date of Request
- Date of Closing
- Buyer’s Name
- Buyer’s Agent’s Contact information
- Title Company contact information.
Please keep in mind that to keep costs down we have run this HOA through an all-volunteer organization. These volunteers, including the treasurer who will fulfill the certificate, perform these duties on their own time. While every attempt will be made to complete this certificate as quickly as possible, (usually within 48-72 hours) this cannot be guaranteed. You must allow 10 business days from the date of your request to process this certificate request. This will help us account for volunteer vacations or period of unavailability.