When the townhouse you own is part of an HOA, you give up some control due to their rules and regulations.

What happens when you try to sell the townhouse and the HOA’s rules make it all but impossible to get a buyer?

That is what the homeowners in this story are dealing with, and it is costing them thousands.

Read on for all the frustrating details.

HOA making it impossible to sell our townhouse

Husband and I listed our townhouse for sale in April, it’s still on the market.

Why do they have any say over this?

We went under contract in May, but turned out the HOA didn’t have enough in reserves to make the loan warrantable meaning that any offer had to be conventional and 10% down.

No one who wants to buy a 45 year old townhouse has 10% down.

That would be terrible.

We moved out of state in June and have therefore been paying rent and mortgage/HOA since then.

The HOA has not been receptive help of any kind aside from agreeing to do a reserve study, but they take 1 week minimum to respond to communication and ignore all phone communication.

How frustrating.

We’ve had multiple interested parties who just couldn’t come up with 10% down, so frustrating and infuriating as we are just stuck.

We will NEVER own in an HOA again.

It is incredible how much power HOA’s sometimes have, and how much they abuse it.

Let’s take a look at what the people in the comments have to say.

This person makes a good point.

I guess I don’t know enough about HOA fees.

It is weird that nobody is buying.

There should be consequences for their incompetence.

This is really good advice.

Why do HOA’s have to make everything so difficult?

If you liked that post, check out this story about a customer who insists that their credit card works, and finds out that isn’t the case.