Now if you don't have a realtor, this is one very good example of why people should have realtors in their corner when buying or selling real estate.
Phil Scheinman, ABR, GRI, E-PRO
Broker * Sales Agent * Realtor
2831 St. Rose ParkwaySte. 100
Las Vegas, NV 89074
Talk to your agent and see if he/she will pay for the HOA resale package upfront and then you can reimburse your agent through escrow for that fee. Your agent will just need to supply the invoice to the title company so it'll be reflected on the settlement statement.
What I have done in the past if is not a short sale
and looks like the buyer has the ability to get financed
or the buyer is paying cash, I will pay for the resale package
and have the seller sign a addendum reimbursing me
@ close of escrow out of there proceeds
If I can be of further assistance and answer
Any of your other questions please contact me
Realty One Group
CERTIFIED FOORECLOSURE ALTERNATIVES CONSULTANT (CFAC)
I KNOW LAS VEGAS AND HAVE FOR OVER 40 YEARS
For example, I just had a Canadian client and the Property Mgmt website wouldn't accept his Canadian credit card, so my wife drew up a quick addendum to the listing agreement that I would acquire the resale package, and be paid by the owner.
Obviously there are some risks to the agent if the deal falls through, but I felt comfortable with this transaction.