HOA closing fees

[loislane]

I understand that some HOAs charge different administrative fees when properties within a subdivision are sold. I've seen them called transfer fees, certificate fees or refinance fees - does anyone have a definition of these costs and what an average might be?

[rbarz]

they are defined in your HOA agreement and are therefore different for every association . I have seen them range from a flat $150 to two months dues which happened to be over $3000 for that particular sale.

[Mr. Chenevert]

I think its much more common to be in the $150 range though, rather than the $3000.... although different HOA's have different rules.

The good news, is that the 'amount not to exceed' can be written into your contract. So when the contract is executed you will at least know the amount.

Mine was $95.00.

[spiderman]

I understand that some HOAs charge different administrative fees when properties within a subdivision are sold. I've seen them called transfer fees, certificate fees or refinance fees - does anyone have a definition of these costs and what an average might be?

I purchased a home as a rental property last week in Fairwood subdivision in Cypress, the transfer fee was $75.

[Timnwendy]

There is a one-time HOA closing fee of $350 in my subdivision.

[diggity]

The highest I've seen in the Houston area is Garden Oaks.

They charge .75% of the sales price in most situations. You don't pay any monthly dues and the do have an active organization, but it's still pretty steep.