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: $100 (same-day turnaround)
These fees cover the preparation and verification of the account to make sure all information is accurate and up to date.
Homeowner Admin Set-Up Fee
**Fees are subject to change
- Admin Set-Up Fee: $150
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.
