Selling Your House?

Selling one’s house or buying into a new community can be a chaotic and stressful experience. In an effort to promote an understanding of the community rules and regulations for both parties, the following information has been collected. Having this data can create a smoother transition.

Community residents belonging to a Homeowner’s Association in Virginia are required to abide by the Virginia Property Owners’ Assocation Act (POA). As part of the house buying/selling process, an accurate POA Disclosure Packet must be acquired.

A seller must obtain a POA Disclosure Packet from the community management company such that they can put their house on the market. The packet needs to be tailored to the unit being sold and must be passed along to the buyer. Each packet should contain the following items:

• A welcome package coversheet declaring the Homeowner Association's Name

• The Articles of Incorporation

• The Declaration

• The By-laws

• Community Rules and Regulations

• A resale disclosure including pending assessments and fees statement

• Annual Financials

• A copy of the most recent Reserve Study report

• A copy of the current budget

• Notice of pending Lawsuits against the Association

• Insurance Coverage Proof

• Minutes from Association Meetings for Past 6 Months

• Compliance Inspection Report (a statement whether or not the Lot and House are in Violation of the Association)

To request a POA disclosure packet from the community management company, please click here. [Note: this link takes you to the external website of the management company]. Please be aware that there are fees associated with generating a POA Disclosure Packet which are the seller’s responsibility.

Having the buyer become connected with the community sooner rather than later upon completion of the sale is a good thing. As a seller, please make sure that the buyer has a copy of the Updated Resident Contact Information Form as part of the ownership transition. Communications with the new resident will be much smoother if they are proactive about connecting with the community’s management company.