Contact the HOA yourself. See if they will give you an estimate of the assessment for the property. They might refuse since you are not the owner. In that case, get the seller to call. Ideally, you want something in writing, but that is probably unlikely since no one will want to stand behind a not-yet-final number. You should be able to get something like the assessment will not exceed X.
As to the negotiation with the Seller, what are you willing to accept for the assessment? You could agree with the Seller that you will accept up to $10,000 in the special assessment and the seller covers the remainder. Is that still a good deal for you? What if it is $30k? Check your model to see what works and how much you are willing to accept.
Contact the HOA yourself. See if they will give you an estimate of the assessment for the property. They might refuse since you are not the owner. In that case, get the seller to call. Ideally, you want something in writing, but that is probably unlikely since no one will want to stand behind a not-yet-final number. You should be able to get something like the assessment will not exceed X.
As to the negotiation with the Seller, what are you willing to accept for the assessment? You could agree with the Seller that you will accept up to $10,000 in the special assessment and the seller covers the remainder. Is that still a good deal for you? What if it is $30k? Check your model to see what works and how much you are willing to accept.
Contact the HOA yourself. See if they will give you an estimate of the assessment for the property. They might refuse since you are not the owner. In that case, get the seller to call. Ideally, you want something in writing, but that is probably unlikely since no one will want to stand behind a not-yet-final number. You should be able to get something like the assessment will not exceed X.
As to the negotiation with the Seller, what are you willing to accept for the assessment? You could agree with the Seller that you will accept up to $10,000 in the special assessment and the seller covers the remainder. Is that still a good deal for you? What if it is $30k? Check your model to see what works and how much you are willing to accept.
Also HOA don't have budget for 2025. Do you think this is Red flag?
Of course it is a red flag! Talk with the HOA. Considering it is already 2025 and they don't have a budget, you might also have an incompetent HOA to deal with.