agent21

Have your Realtor or lender check the owner occupied ratio in light of getting a mortgage for any of the condo conversion properties around town. 2400 McCue has an incredible location and great amenities. Also check the financial solvency of the HOA in term of reserves. The project was built a a rental property, not as homesteads and I tend to think that maintenance is more intensive for rental properties...as a flinty eyed buyer's agent, would look for a unit that was sold with the upgrade package at an non upgrade price. The most important thing, however is the solvency of the HOA. You need to know if the banks are paying their bill, or deferring the HOA arrears onto the next buyer. This tactic by the banks can cause cashflow problems for the HOA. Tom Johnson http://www.ERAHosuton.com