To HOA or Not HOA?

Imagine living directly across from the soon-coming (we hope) Streets of Buckhead (Georgia’s version of Rodeo Drive), or being in walking distance to your office on Wall St., or reveling in the sounds of jazz coming from the Detroit Riverfront.  Whether you are in Atlanta, New York, Detroit, or another urban area, townhouses and condos are stylish and maybe the most economical option to allow you to live close to your city’s hustle and bustle.    Moreover, you may love the low-maintenance lifestyle condos and townhouses afford you but there are several questions you should have answered by the Homeowner’s Association (HOA) before making an offer.

“Is This A Good Real Estate Deal?”

In this real estate market, there seems to be no end to low-priced homes, whether foreclosures, REOs, short sales, owner financed, etc., but how do you know if it truly is a good deal?  I can see many purchasers salivating over the low prices in this real estate market but don’t pack up and move just yet.  Avoid getting caught in the hype of something being low-priced.  Here are several strategic factors beyond price to consider to help insure your real estate purchase will be a sound investment.

Keep Your HOA Financially Sound

With the uptick of distressed homeowners, many home owner associations are feeling the stress of not collecting enough funds to pay for the shared real estate properties of the community.  This is particularly heinous in condo real estate communities that share water and other utilities meaning that the default of other owners could actually jeopardize your home.  So what is an HOA to do? 

Buying a Condo? Don’t Skip These Steps!

It you like the trendy, city-chic condominums found in many metro areas and you want to be sure to take advantage of the low prices found in this great Buyer’s market, make sure your eyes are wide open in making a condo purchase.  If you are contemplating purchasing a condominium, be sure to review a long list of documents for the Home Owner’s Association (HOA) and other information to make sure that the property you are considering is a solid buy in this challenging market.

Places to Love: Glenview Subdivision

Ready to experience the exclusive, upscale luxury that Sandy Springs’ centrally located real estate has to offer? Then Glenview subdivision may make your list of top picks!