Answers by Erika Meyer

Yes, you need to disclose both, the current assessment and the one the board has been discussing. The standard Florida condo contract asks sellers to list any assessments that were approved, or even just talked about at board meetings, in the past year. Don't wait for the estoppel. That comes too late. Being honest may scare off a few buyers. But if you don't disclose, you could get sued after closing. Buyers can also ask for a year of board minutes, so they'll find out anyway. It's much better coming from you. Buyers love hearing that the seller will pay off the assessment at closing. If you go that way, factor the remaining balance (about $6,300) into your numbers when reviewing offers. Check first with the association whether a buyer is even allowed to take over the payments. This isn't legal advice, so have an attorney look over your contract before you sign. — Erika Meyer, REALTOR® | Beachfront Realty