Selling a home is a big step, and when that home is located in a community managed by Innovative Property Solutions, there are a few important steps to ensure a smooth transition. One of the most important pieces of the process is obtaining a Certificate of Assessment (COA).
What Is a Certificate of Assessment?
A Certificate of Assessment is a written statement confirming the status of homeowner dues and identifying any amounts to be collected at the time of closing.
This document is essential because it:
- Confirms whether the account has an outstanding balance
- Ensures the seller’s account is properly closed out
- Protects the buyer from inheriting unpaid charges
- Helps safeguard the financial health of the community
By finalizing this step, everyone involved, including sellers, agents, attorneys, and buyers, can move forward with clarity and confidence.
How Sellers Request a COA
If you are preparing to sell your home, requesting a COA is simple.
📧 Email our team at hoa@ips-nc.com
Please provide the property address and contact details so our team can process the request efficiently.
COA Fees
**Fees are subject to change
- Standard COA: $95
- Rush COA: $150 (same-day turnaround)
These fees cover the preparation and verification of the account to make sure all information is accurate and up to date.
Why the COA Matters for Sellers
Completing the COA helps ensure a smooth closing process by verifying that all association obligations are addressed before transfer. This benefits you as the seller because:
- It prevents unexpected delays at closing.
- It confirms your account is clear of outstanding balances.
- It provides buyers confidence that they are starting with a clean slate.
- It supports a seamless transfer of ownership to the new homeowner.
Questions? We’re Here to Help.
If you or your closing attorney have questions about requesting a COA, please reach out:
📧hoa@ips-nc.com
📞910.333.9820 (press 2)
At Innovative Property Solutions, we are committed to protecting your community while making your transition as smooth as possible.
