Resale Disclosure Package

Resale certificates contain useful information for the buyer regarding the financial overview of the property owners association, whether the seller owes any money to the association, and financial information regarding the property, such as whether or not money is due for association violations. It will also inform the buyer about the specifics regarding the association, such as whether it is undergoing any litigation, the funds the association has in reserves, and all future expenditures that are expected for the year.

The resale certificate and all accompanying information is referred to as a Resale Disclosure Package. Owners selling a home in a property owners association are required to provide the buyer with a Resale Disclosure Package.

The Texas Property Code requires the seller of a condominium unit or home in a homeowners association to provide to the purchaser a current resale disclosure package that must have been prepared no earlier than three months for a condominium association and no earlier than two months for a homeowner association before the date it is delivered to the purchaser.

After receiving a written request, the association has ten days to provide the resale disclosure package to the selling unit owner or the owner’s agent. If a purchaser has not received from the seller the resale disclosure package before the purchaser executes a contract of sale, the purchaser may cancel the contract before the sixth day after the date the purchaser receives those documents.

Sellers or seller’s agents may use the link above to process an order for resale documents.

Lenders may also use this link to process lender questionnaire orders for financing.