silva, Home Buyer in Albuquerque, NM

Is there HOA and how much monthy . If i will pay in cash is there any

Asked by silva, Albuquerque, NM Mon Sep 30, 2013

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Not only does it have the $286 HOA but it went into PENDING on 9/25/13 after having multiple offers. You also always want to have your lender check with the HOA before submitting an offer to find out if the condo meets the guidelines of number of rented units vs. owned units. There is a specific percentage that is balanced so there are not too many renters. I have seen purchase agreements on condos go south once this has been discovered through the HOA.

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Best regards,
0 votes Thank Flag Link Mon Sep 30, 2013
There are no HOA fees on this property.
0 votes Thank Flag Link Mon Sep 30, 2013
HOA is due ( if Mandatory) regardless if you pay cash or have a mortgage.
0 votes Thank Flag Link Mon Sep 30, 2013
The HOA is $286 per month. That covers all utilities except for electricity. There is pool access as well. This condo is available under a Fannie Mae HomePath loan program, which could make it possible for you to not pay any personal mortgage insurance on the loan and purchase for as little as 3% down, which could save you thousands over the term of the loan. Give me a call if you want to view this property or others, I'd love to help.

Lucas Coshenet
Venture Realty Group
0 votes Thank Flag Link Mon Sep 30, 2013
Call the listing broker, Barbara Gregus, 505-559-4480. She will answer all your questions.
0 votes Thank Flag Link Mon Sep 30, 2013
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