(Seller/Buying a home)
Due to the popularity and extensive interest when homes become available for sale in Westbury Homeowners Association, Inc. we will be amending the process slightly.
The application must be filled out and submitted to PMA however for the process to move forward and the background check & creditworthiness check to be conducted a purchase and sales agreement between the seller and buyer must be submitted as well.
Once the background check and creditworthiness information is complete the membership committee will schedule a meeting with the potential buyer and the application to be presented to the Board.
Here are the steps:
- The seller is required to submit an intent to sell to PMA.
- The applicant must submit a completed application with the application fee for each occupant 18 years or older. T (The Coop has no involvement with the financial aspect of the sale and only requires that the seller is in good standing with the Coop in order to sell their home & the buyer is in compliance with the Coop requirements)
- The Membership Committee will contact references and set up an interview with the application once the application has been processed. The committee will then bring their findings before the Board for approval. Once Board approved an acceptance letter will be sent to the applicant so that they can arrange a purchasing closing date with the seller.
- The buyer will need to meet with the Membership committee again as soon they close on the home to present the Bill of Sale, sign the lease, Coop membership agreement, submit the membership fee and lot rent.
- The buyer may not access the home until this meeting occurs and the Bill of Sale is presented to the committee.
- If you have any questions regarding this process please contact PMA at (802) 860-3315 ex 105