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What is a resale certificate?

A straight answer from Matt Watson, Dallas broker. Then two or three related questions worth reading next.

A document the HOA provides that lays out the association's financial condition: reserves, delinquencies, pending litigation, and any known special assessments. It is one of the most important papers in a condo or townhome deal. I make sure my clients actually read it and understand it before they commit.

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Related questions buyers ask.

How do I know if an HOA is well managed? What is a special assessment, and how do I know if one is coming? What should I know before buying a condo?
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