Real Estate Transactions

Buyers and Sellers - What To Know

Homeowner HOA Requirements

If you are going to be SELLING your home PLEASE email Sarah Peebles @Sarah Peebles to get the documents and steps prior to closing.   Or, call  614-939-8615 with questions or issues. Ohio Equities should be notified by your attorney to receive an updated account statement etc. and make sure we have accurate records.

1. The 2025 annual homeowner assessment is due January 1 in the amount of $975.00.

2. New homeowner Capital Contribution. $1,950.

As required by our governing documents, Section VII B:

Requires new owners within Tidewater to make a capital contribution to the Association's reserve account upon purchasing a lot or home within the community. This amendment helps the association build a reserve account for any future unforeseen or unanticipated major expense. At the time such purchaser acquires title to a Lot, a one-time capital contribution to the Association in the amount of two times the Annual Assessment attributable to said Lot ($1,950). The capital contribution to be paid hereunder is not an escrow or advance and is not refundable. Said capital contribution is due and collectible from the Owner at the time of transfer of record title of the Lot and will be used to fund a replacement reserve.

(Seller) HOA transfer fee  and document preparation fees. 

HOA transfer fees are standard fees that occur when a property is transferred from one owner to another. They are meant to cover the costs associated with preparing documents, handing out HOA’s rules to the new owner, dealing with property inspection records, changing names in the homeowner databases and other administrative costs.

When a home is purchased, there is a one time fee due directly to Ohio Equities from the seller for the Certification Fee & a fee due from the buyer known as the Documentation Fee. The Certification & Documentation Fee are administrative fees that covers the cost of certifying the dues amount at closing, transferring ownership in the HOA system to keep records current, setting the new owner up on our billing system while removing the previous owner, and sending out welcome kits and other associated items.

Realtors

Signage

One professional real estate sign which conforms with the existing Zoning Regulations of the Village of New Albany, Franklin County, Ohio and is approved by the Committee is permitted.  The HOA retains the right todetermine what signs are of appropriate size, condition, and location, as well as what constitutes a reasonable period of time for displaying a sign, on a case by case basis.Installation of real estate and for sale by owner signage must adhere to the following:

1. One sign regulated by the City of New Albany, advertising the property for sale shall be displayed to the public view on any lot.  The standard color treatment for all builder and realtor signs is New Albany Blue with White lettering. 

a)    Main Sign Panel Size: 30" x 40"
b)    Riders (small panels) Size: 30" x 9"
c)    Post with Finial Size: 4" x 96"

2. Not be leaning or crooked.

3. Cannot be in the tree lawn, must be in property yard.

4. If installed using a ground spike, the spike portion should not be visible and the post holding portion must be painted white to match the post.

The image below is an example of a for sale sign that meets our HOA standards. These standards better showcase the image of Tidewater and the higher end quality of homes within our neighborhood. We feel these signs will also benefit your firm and clients marketing efforts. 

Annual Dues

The annual homeowner fee is $800.00 per home per year, effective January 1, 2024.
The 2024 Association Fee is due no later than February 1, 2024 or interest at the rate of (12%) per annum will be charged from the due date of January 1, 2024.

Send all payments to:
Tidewater Homeowners’ Association C/O Clark
Simpson Miller
PO Box 26941 Charlotte, NC 28221

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