Home Buying in 30066>Question Details

Robbie, Home Buyer in 30066

Is a $900 anual fee for amenties at caterbury in marietta, high? Also what you think of their home prices and

Asked by Robbie, 30066 Fri May 15, 2009


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Robbie -

I'd go really slow paying high 300-low 400 in that area. It's not so much the house, it's the schools; test score wise they are not the best in the NE Cobb area. Additionally the area in general is older and the predominant value under where you will be.

I think you can do better than this and your focus has to be support from the market area - this market area doesn't have the same juice as others. I say this from fifteen years of appraising as well as being a local Marietta associate broker - the data doesn't lie.

I'm happy to detail things for you -

Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
Prudential GA Realty
0 votes Thank Flag Link Fri May 22, 2009
There is one available in there right now for $399,900. Now that is awesome compared to the recent Solds that are all over $400.

Considering I currently pay over $1400 a year for the neighborhood that I live in, and it's an older neighborhood, I don't think that $900 annually sounds high. I know the other agents thought so, but I don't. Look at what you're getting. Break it down into monthly figures...$75/mo and you've got a beautiful new community with access to Tennis Courts, Pool, Club House, Park, Playground...plus you have the benefit of Underground Utilities and Sidewalks. I say it's a great price.

I'd love to be able to show you your next dream home in Canterbury.

I look forward to hearing from you soon!

0 votes Thank Flag Link Wed May 20, 2009
I agree with what has been said. $900 is a lot but it is probably that high to cover maintenance of the green areas and may also be because there aren't that many homes sold yet. Typically, the builder manages the HOA until enough homes are sold for the residents to be able to manage it.

I would think there would be room to negotiate some of this as well. My concern is making sure that the HOA is funded properly and that the builder is maintaining these funds in a separate account. It has occurred where a builder has needed these funds for their operations and goes out of business leaving the HOA with little to no funds. Then, an assessment is levied to make up the shortfall. A good agent can find this out for you and help you.

I specialize in Cobb County and would be happy to discuss your specific needs and objectives in buying a home. Please feel free to contact me at barry@northatlantarealestatevoice.com or directly at 770-656-7551.
0 votes Thank Flag Link Fri May 15, 2009
The homes are new in this subdivision and the anual fee is correct, $900.
The fee seems high but here is what includes: 49 acres of green space with walking trails. 4 Tennis Courts, 1 Large Swimming Pool with Zero Entry, a sport area with playground.

I would love to show you the subdivision all the amenities that the home owner association fee includes.

If you decide to submit an offer to the builder, I will be glad to negotiate that the HOA to be paid by the builder for at least the first three years, plus other concessions.

Currently this builder is offering the guaranteed price for the home (YOU ALWAYS GOING TO GET THE LOWEST ONE). I will explain you in more details If you call me at 404-447-8694 or e-mail me at info@gahomesfinder.com
My negotiation skills are the best, so please let me know if you would need my services in the near future. As your advisor, skilled negotiator, and expert facilitator my real estate professional advise is free for you. Just give me a try. I would love to work for you. Have a nice weekend.
0 votes Thank Flag Link Fri May 15, 2009
The annual HOA fee does seem high; but it would depend what it covers. Since this is a new construction subdivision, it's possible that the fee is high to compensate for the possibility that the unsold units will remain unsold for a period of time. Therefore, there are less homes sharing the costs of maintaining the common areas, etc. I would be most concerned about whether you like the home or not and if the asking prices are in your general affordable range. When it comes time to submit an offer, your agent should do some research to see what others have recently sold for and advise you as far as how much below asking price (if any) you should be able to get the home for. Do not rely on the onsite listing agent to do this for you. Remember, they represent the builder and ONLY the builder's interests. It is much to your benefit to have an agent help you with a purchase like this. I am able to provide these services to you at no out of pocket cost to you if you do not already have an agent representing you. Feel free to call me any time if I can be of assistance at 678-520-3113
0 votes Thank Flag Link Fri May 15, 2009
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