Home Buying in Sandy Springs>Question Details

ME, Both Buyer and Seller in Atlanta, GA

sandy springs condo/townhomes

Asked by ME, Atlanta, GA Fri Apr 27, 2012

any comments or suggestions on The Avalon @ Sandy Springs townhomes? how is the HOA (stability), anything buyer be aware? buy or RUN FAST??????

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3
DO your homework, drive by , check with current owners, look at the rental cap, ratio renters versus owner occupied. Is this for investment or owner occupied. I have visited the community myself if you pay the fair market value you should be fine in the long run. Please call me with specific questions.

Sincerely,

Diman Nyembwe
Buyer's Agent
Southern Reo
404-314-4277
dimann@southernreo.com
0 votes Thank Flag Link Tue Jun 19, 2012
You would really need to contact the HOA directly to find out those answers. The delinquency rate, owner occupancy ratio, budget, and pending litigation are the keys things to look at from a lender's perspective.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing
0 votes Thank Flag Link Sat Apr 28, 2012
Depends on your objective. Decent locational desirability but older, dated units. Values aren't likely to jump, there's a significant supply of inventory sub 100K in the market. There are distressed units in there and rentals. Fees seem to run 160-200 a month, while researching the health of the HOA involves more research, I would assume that the distressed units are behind as are others in there.

Whether to run toward or away is probably best answered by you chatting with an agent and defining your definition of success

Hank
0 votes Thank Flag Link Sat Apr 28, 2012
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