HOA “exit tax” will surprise home sellers

by Stan Hrincevich
Selling your home in a homeowners association (HOA)?  Open your check book to the sum of $50 to $1,150 to pay the HOA “exit tax” better known as the HOA Transfer Fee.  If you don’t pay it you can’t sell your home.  Sell the home yourself, you still pay the tax.  The amount is not negotiable, can’t be shopped for in the market place, is not limited in amount, relates not to work performed but is mostly used as supplemental income and profiting by property management companies and doesn’t benefit the HOA.  Read more:

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