Cherry Home Shores Road Assessment | Who Pays the Road Assessment When You Sell?

Confused about how the upcoming Cherry Homes road assessment will affect your property sale? You’re not alone — many Cherry Homes homeowners are asking the same question. In this video, I’ll walk you through exactly how these assessments are handled when selling your home, based on the official Aspire North buy and sell agreement.

If you plan to sell your property before the end of the proposed ten-year term, here’s what you need to know: sellers are responsible for installments due before closing, while buyers take over future payments — unless both sides agree otherwise in writing. I’ll explain how this works in plain English and what it means for your bottom line when you close.

This breakdown applies to Cherry Home Shores, Leelanau Township, and other neighborhoods across Northern Michigan where special assessments may come into play. Whether you’re preparing to sell this summer or just want to understand how these costs transfer, this guide will help you make smart, informed decisions.

👉 Read the full breakdown here: https://www.livingintraversecitymichi...

⏱️ Timestamps
00:00 – Intro: Cherry Homes road assessment questions
00:18 – How assessments are divided in Michigan home sales
00:37 – Seller vs. Buyer responsibility explained
00:54 – Real-world example: selling with 8 years left on your assessment
01:12 – What if both parties agree to something different?
01:30 – How to get personalized guidance for your property

📞 Need help understanding how this applies to your property?
Let’s talk about how road assessments, HOAs, and township projects might impact your property value and future sale.
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