Information

Info to Know...

Purchasers & Sellers


 

Below is General Information you should know when buying or selling a unit in Central Village. If you still have questions, please feel free to contact us!

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Central Village Condominiums Units for Sale


Co-owners are welcome to give For Sale Information on their units by sending your information to the Central Village President. The websites www.zillow.com and www.realtor.com may also contain information on listed properties available at Central Village Condominiums. Be sure to send the Board a Delete Notice when you want to cancel this information.


Prospective Buyers or Mortgagors should download the Master Deed and By-Laws for information and fill out the Application to Purchase .

 

When Purchasing a Condo:

First, we would like to welcome you to Central Village Condominiums! 


Here are a few things to do before you move into your condo:

 

  1. Please have all mortgage and title inquiries emailed or sent to 95 Old Mill Drive #20, Holland MI 49423. If there are questions regarding these inquiries, please contact the current Board President
  2. Please notify the Board that you are the new owner of the condo by sending us an introductory email .
  3. Please include the following info in your introductory email:
  4. Your name and your spouse’s/partner’s name.
  5. The address of the condo (Street and Unit Number) you are purchasing.
  6. Include the names of any children that will be living with you.
  7. Phone numbers: cell phone and/or land line. We will publish your primary phone in our private directory.
  8. Your primary email. We will use this to send newsletters (4/year) or other important association updates. We do not publish or share your email.
  9. Emergency contact name(s) and phone number(s).
  10. Your intended move-in date.
  11. You will need to complete a Welcome Appointment with Board Members, prior to moving in . Please set this up by phone or email . You must be approved by the Board before occupancy. 
  12. We require a $800 transfer/admin fee that is due at your closing. Your lender, or the entity collecting the fees, must forward this to our Accountant. This fee increases to $1,000 if paid after move-in.
  13. All units are required to carry   homeowners' insurance to cover all their personal property and liability. Please submit this information to the Board along with your mortgage information.
  14. Co-owners who mortgage their units must send their mortgage information, or any changes in this information, to the Central Village Board as the Association owns shared interest in all common elements. Please send all Mortgage Information to Central Village Condominiums, 45 Old Mill Drive, Holland, MI 49423 or click here for email .
  15. Please be aware that dogs are not allowed in Central Village unless they are ADA or ESA (Emotional Support Animals). You will need to provide a current prescription/doctor’s affidavit outlining the need for the animal and this must be provided annually. The ADA/ESA dog registration form will be reviewed with you during your Welcome Appointment.

 

Our Association retains a healthy Reserve Fund, here's 4 reasons why:

 

  1. A reserve fund provides for planned replacement of major items if needed. This is the fiduciary responsibility of the Board of Directors.
  2. Major items deteriorate during use. For example, under normal wear conditions, a roof is usually replaced when it is 25 years old, every owner who lived under it should share its replacement cost. It is fair that even short-timers pay for their incremental use of the common elements. New residents are currently enjoying capital improvements paid for by other members before they moved in.
  3. A reserve fund minimizes the need for special assessments. Owners, especially those on fixed incomes, may have limited resources. They may be unable to afford the large special assessments necessary for major replacements. You simply cannot defer some major expenditure.
  4. A replacement fund enhances resale values. Lenders and real estate agents are aware of the ramifications for new buyers if the replacement reserves are inadequate. All of these items assume an adequate reserve fund, not just a reserve fund.

 

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