Yes, you can sell a condo while the association is considering a special assessment. However, you should investigate the proposed project and the association’s finances before listing. Even if an assessment has not been formally approved, the issue may affect the asking price, negotiations with the buyer and your expected proceeds at closing. A Special Assessment Does Not Have to Be Final to Affect the Sale Condo owners sometimes assume that a potential assessment does not matter until the board takes a formal vote and establishes the amount. In practice, the problem can affect a sale much earlier. The association may already be: Collecting bids for a new roof Reviewing…
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FSBO Sellers: Don’t Argue About the Buyer’s Broker Fee. Do the Math.
A seller recently came to me with a concern I expect to hear more often: “I don’t want to pay the buyer’s broker.” That reaction makes sense. If you are selling your home FSBO or through a private sale, one of the main reasons is usually to control costs. You may not want to pay a listing broker. You may not want to pay a buyer’s broker. You may feel like the whole point of selling privately is to avoid giving away part of the deal in commission. Fair enough. But sellers need to be careful. A request for buyer-broker compensation should not automatically become a symbolic fight. In many…
