Dear Ot4576,

Your first step in deciding your options is going to start with your financing. Many of the Associations in the area are either in litigation or have a low owner occupancy requiring an "All Cash" purchase. Others that meet the standards for a loan are limited to Conventional, not too many Communities in UTC are FHA approved. Your choice of financing will determine what choices you have to choose from. Cash certainly is King right now, but If you need to speak with lender to find out what types of financing you qualify for please feel free to contact me for a reference.

If you are interested in finding out which communities are FHA approved you can visit this site https://entp.hud.gov/idapp/html/condlook.cfm

If you would like to search the MLS in real time you can access a ListingBook Account via my website for free http://www.foreclosures4sale.listingbook.com

Hope the information is helpful. If you are not already working with an agent and need additional information feel free to reach me direct.

Sincerely,
Katrina Hamilton
Direct: 858-405-4407

Yes, there is a difference and your lender's underwriter will be the deciding factor here. If you are procurring a loan on the purchase ask your broker/lender what the underwriter is requiring for the loan conditions to be met. The big red flag now is: "How many owners are delinquent on their HOA fees". They may still want to know if there is any litigation within the HOA, what the owner/occupancy rate is, if there has been a reserve study done and it the reserves are healthy,etc..... So, the bottom line is, yes there is a difference and you need a good team working for you such as your Realtor, your lender/broker, etc.

Keep the faith and your goals will come to fruition. Knowledge is power in this marketplace.

Bianca Romani
Realtor
Coldwell Banker Residential http://www.BiancaRomani.com

It all depends on the HOA fee, florrplan, etc... If they are like properties, they will be priced according to the comps in the area. If you would like to find out what their market value is instead of reading the "asking price" please give me a call and I can help you find out which complex suits you best. You can also log onto my website at: http://www.ChrisM.middletonandassociates.com

Thanks