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Drew Sterling, Home Buyer in Tampa, FL

What is the monthly HOA on this unit?

Asked by Drew Sterling, Tampa, FL Sun Feb 5, 2012

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Since I am the Listing agent on this home; please call if interested and we can answer all your questions and give you more background on this home...and be able to accommodate you with a time that is convenient for you.
0 votes Thank Flag Link Mon Feb 6, 2012
It is $525 a month for the HOA...let me know if you are interested...we just received an offer yesterday but nothing has been negotiated yet with the Seller or sent to the Bank for the short sale process.
0 votes Thank Flag Link Mon Feb 6, 2012

The HOA is also a condo maintenance fee and is $525.00 per month. Since this is a condominium you will need to confirm that it is approved by FHA or Fannie Mae if you are considering financing the property. While the fee seems high it covers many items such as your building insurance, exteriors, roof, water/sewer and trash and escrows. I have attached a link to the listing for your review. If you have other properties that you have questions about - please contact me directly.
0 votes Thank Flag Link Sun Feb 5, 2012
Drew Sterling, This property is currently listed for sale. Good news, as often the information on Trulia is not in real time. You are in luck this one is for sale! FYI, it was first listed for sale 11/04/2011 for $209,900. There have been two price drops; one on 3/23/2011 to 199,900 and the second one on 11/11/11 to the current priceof $169,900.

The HOA monthly fee is $525. This covers the following items: basic cable, escrow reserves, building insurance*, water/sewer/trash, roof reserves, and building exterior. In addition this is a golf community and outside maintenance is part of the association responsibility. This is a deed restricted community. A review of the association documents, rules and regulations and financials would provide you with clarity regarding this association.

24 hour notice is required to view this property. Additiional notes indicate that the two refrigerators, washer & dryer, and shelves in the garage do not convey. This is a short sale which means time is of the essence before it goes to foreclosure. At that point, the property will shift into a "zone" where only the bank and serious cash buyers can consider this property (most likely at an auction) competition might be steep.

Keep in mind that a short sale begins when an offer to purchase is submitted to the seller and executed. This paperwork along with the seller's paperwork, buyer's proof of funds/pre approval are submitted to the Seller's Lender who evaluates everything and either agrees to the short sale or counters. At that point both the Buyer and Seller evaluate if the terms work. If yes, then the date of inspections etc begin at this point, not when the initial contract was agreed upon by the buyer and seller. If no, then (with short sale addendum as part of offer) buyer and or seller may cancel the transaction.

Hope that this helps. Seeing a property in person provides visual appreciation for furniture placement, interior features and amenities. Setting up an appointment to view is easy, just allow 24 hours to view.

If you'd like to search for other MLS properties (in real time) you can sign up for a free Listingbook account. Check out our website. Listing book provides you with the ability to change your search criteria to suit yourself.

Lynn Brock
0 votes Thank Flag Link Sun Feb 5, 2012
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