Woodland Oaks Homeowners' Association

Resale Information

Getting a Resale Certificate

INFORMATION FOR MEMBER CONTEMPLATING
SALE OFYOUR HOME
Under a new State law, when you sell your property, you are required to disclose certain information about it to the prospective buyer . Please consult a real estate attorney for details. You may also be asked by the buyer to supply information about the Association. If you are asked to provide a Resale Certificate to a buyer, these are the procedures to follow:

You must request the Resale Certificate in writing from the Association, specifying to whom and where you want the information sent.If you have a real estate agent, ask him or her to complete a T.A.R. Form 1405,  The Association will prepare a Resale Certificate which complies with the Texas Property Code and provide it to the you, your agent, your Title Company or its agent as you request, within ten (10) days after receipt of your request and our receipt of the fee.

The Association’s form is the only form that the Association will complete and there will be a charge of $75.00 made payable to WO HOA for preparation of the Certificate and for providing the required copies of documents, which must be paid for on or before receipt of the documents and the Certificate. The cost of this service is not covered under the annual assessment since it is an individual service.

After purchasing these documents, you should suggest that the Buyer contact the Association and you should also notify the Association of the Buyer’s name and projected closing date.

Because the Association is required to state any known violations of the governing documents, please be sure that you are not in violation of any of these documents. Review your records to be sure that all additions to the
exterior of your property have been given Architectural Committee approval and that the Association has copies of these approvals in its files. Not having approval on improvements added to your property constitutes a violation of the Declaration. 


Last updated by deemcgee on 03/03/2014
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