If you are trying to sell your condo, and your Homeowners Association (HOA) reserves are low, the buyer's lender could reject the loan.
Banks always want to see a "healthy" reserve amount.
What do they consider "healthy"?
Well, every bank has their own policy. Some are more strict than others.
This is why it's important to go to your HOA meetings and see what the HOA dues are being spent on.
The more money the HOA has in the reserves, the better chance you have that your buyer's lender will approve and fund the loan for your condo.
