How do I obtain a resale certificate?
After a home is signed for, most states require that the seller provides the resale package to the buyer. There are variations again depending on your location.
Your local realtor or broker and the property management company of the community will be your best source of information on how to purchase or obtain a certificate. An association can certainly provide some information like a copy of the governing documents to any potential buyer along the way but remember a realtor won’t know if the current homeowner is up to date on their dues, for example, which is why the seller is legally required to disclose that to a buyer within the resale package.
Purchasing a resale package isn’t difficult. In self-managed communities, the seller can request it from the property management office or many times it can be purchased online through their website. The fees for a resale package vary from state to state and sometimes by community or association. Some states limit the amount associations can recoup for the time and cost of producing the packages.
The cost of a package or certificate offers the buyer peace of mind and it reduces your liability if the seller hasn’t made all association payments and isn’t up front about it.
How can ReadyRESALE help me?
ReadyRESALE enables your management company and other real estate related services such as title companies or real estate agents to request necessary documentation required for a resale package, property closing or refinancing in a secure online environment.
Our cloud-based application provides you unparalleled flexibility and automation while you retain complete control of the document management process. ReadyRESALE offers you an easier way to organize, collect and vend your documents with a click of button. Take back control over your outdated processes and help you, your staff and company automate your resale packages and certificates.
