An employee housing unit owner wanting to sell should contact the Aspen/Pitkin County Housing Authority (APCHA) Sales staff to review the specific Deed Restriction and determine the maximum sales price permitted and other applicable provisions concerning the sale. The APCHA Sales staff will administer the sale in accordance with the Guidelines in effect at the time of listing. The estimated process time from listing to closing is a minimum of 10 weeks, due to increased lending timelines.
The APCHA acts as a Transaction Broker representing both Buyer and Seller and is responsible for preparing documents pertaining to the sale. The Housing Office advertises on the APCHA website and in the Aspen Daily News Wednesday edition. There is an initial two-week bid period with one open house (held on Wednesdays from 5:30 p.m. - 7:00 p.m.) for each property. The bid period ends on the Wednesday after the second week of advertising promptly at 4:00 p.m. The lottery is held on the Monday following the end of bid period at noon, unless there is a holiday. The Total Sales Fee is 2% with the deed restriction stating that 1% is to be paid at listing and 1% to be paid at closing (unless specified otherwise by Deed Restriction). APCHA is currently requiring a payment of $600 upon listing with the balance to be paid at closing.
The first step to list your Employee Housing unit for sale is to complete the Seller's Listing Checklist, and theSeller's Property Disclosure. Please also include copies of receipts for any capital improvements you may have completed, minutes of your most recent HOA meeting, and the current HOA budget. Once your paperwork is complete, please contact the Sales Manager at 920-5054 for an appointment. Please provide the above paperwork to the Sales Manager at least 1-1/2 weeks before the open house.
