Our HOA is looking to impose a transfer fee on resales payable to the HOA. .5% was floated which, for a $500,000 resale, would come to $2,500. This got some pushback (4 emails) so the vote currently going on is to have two months of HOA fees be the transfer fee which, for 2027, would make it $960. Voting is currently 30 for with another 29 needed to get to the 67% target.
The argument the HOA board is putting out there is that these fees are prevalent and the charge proposed is reasonable. But are they and is it?
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