April Alsup

In general, higher than average HOA dues can turn purchasers off. They can also place a condo out of their price range if the HOA dues increase their monthly payment by too much. However, in my experience, most purchasers take into account what they get for the money. Do the dues include any utilities, common areas and recreation such as a pool. These things provide increased value to the consumer so they are more willing to pay for them. Also, HOA fees are relative. An agent in your area can better tell you if $200 is considered a steep amount for HAO or not, but keep in mind that they are only high if they are higher than the average HOA in your area which provides similar benefits.

Best of luck with your sale! - Wed Apr 2 2008, 13:10