HOA fees are monthly or annual charges that cover the costs of maintaining and improving shared spaces. HOA fees are common within condos and some single-family home neighborhoods. Co-ops also have monthly fees (Common Charges and Maintenance Fees), which may also include real estate taxes and a portion of the building's underlying mortgage.
A seller's market exists when the number of home buyers exceeds the number of homes offered for sale. Sellers will benefit because high demand and low inventory will drive up prices.