When does the buyer typically pay deposits for required Association reserves?

The buyer typically pays deposits for required Association reserves at closing. This is the stage in the transaction when all financial obligations are finalized, and the ownership of the property is transferred from the seller to the buyer. During the closing process, the buyer will make all necessary payments, including any deposits due to the homeowners' association (HOA) that are required for reserves.

This reserves deposit is usually part of the overall closing costs, which can include various fees and expenses related to the purchase of the property. Paying these deposits at closing ensures that the funds are correctly allocated to the association to maintain property standards, cover maintenance costs, and fund future repairs.

The other options place the deposit outside the commonly accepted norm in real estate transactions. Deposits at the offer acceptance or when the contract is signed are typically related to earnest money rather than Association reserves, while deposits during the inspection phase often do not occur at all.