[Coronita]

Same rule applies for detached homes in CV with a big HOA to cover common area. I'm also told that the Palacio (sp?) development near the golf course in CV (which in the past I clearly expressed was a dump) has also experienced severe HOA underfunding. Can't help but also notice a lot of owners are tried to sell from that complex.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Same rule applies for detached homes in CV with a big HOA to cover common area. I'm also told that the Palacio (sp?) development near the golf course in CV (which in the past I clearly expressed was a dump) has also experienced severe HOA underfunding. Can't help but also notice a lot of owners are tried to sell from that complex.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Same rule applies for detached homes in CV with a big HOA to cover common area. I'm also told that the Palacio (sp?) development near the golf course in CV (which in the past I clearly expressed was a dump) has also experienced severe HOA underfunding. Can't help but also notice a lot of owners are tried to sell from that complex.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Same rule applies for detached homes in CV with a big HOA to cover common area. I'm also told that the Palacio (sp?) development near the golf course in CV (which in the past I clearly expressed was a dump) has also experienced severe HOA underfunding. Can't help but also notice a lot of owners are tried to sell from that complex.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Same rule applies for detached homes in CV with a big HOA to cover common area. I'm also told that the Palacio (sp?) development near the golf course in CV (which in the past I clearly expressed was a dump) has also experienced severe HOA underfunding. Can't help but also notice a lot of owners are tried to sell from that complex.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I should caution everyone planing to buy a townhome in carmel valley.

1) Check the approximate age of the townhome

2) Check the current HOA fee and see if it's underfunded.

 

What a lot of people are discovering recently is that a lot of shoddy construction work + 10 years age + lots of common area repair bills + underfunding in HOA dues = steep HOA hikes in the forseeable future.

For example: I'm told Crest Del Mar, which was one of the nicer townhomes, is currently experiencing HOA underfunding, and owners have been notified of gradual HOA due increases moving forward. Current around $250-$285. 

Especially if your interested in condo-converts..There is a high probability the HOAs are underfunded. (Especially if you're considering in the Heights auction). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I should caution everyone planing to buy a townhome in carmel valley.

1) Check the approximate age of the townhome

2) Check the current HOA fee and see if it's underfunded.

 

What a lot of people are discovering recently is that a lot of shoddy construction work + 10 years age + lots of common area repair bills + underfunding in HOA dues = steep HOA hikes in the forseeable future.

For example: I'm told Crest Del Mar, which was one of the nicer townhomes, is currently experiencing HOA underfunding, and owners have been notified of gradual HOA due increases moving forward. Current around $250-$285. 

Especially if your interested in condo-converts..There is a high probability the HOAs are underfunded. (Especially if you're considering in the Heights auction). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I should caution everyone planing to buy a townhome in carmel valley.

1) Check the approximate age of the townhome

2) Check the current HOA fee and see if it's underfunded.

 

What a lot of people are discovering recently is that a lot of shoddy construction work + 10 years age + lots of common area repair bills + underfunding in HOA dues = steep HOA hikes in the forseeable future.

For example: I'm told Crest Del Mar, which was one of the nicer townhomes, is currently experiencing HOA underfunding, and owners have been notified of gradual HOA due increases moving forward. Current around $250-$285. 

Especially if your interested in condo-converts..There is a high probability the HOAs are underfunded. (Especially if you're considering in the Heights auction). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I should caution everyone planing to buy a townhome in carmel valley.

1) Check the approximate age of the townhome

2) Check the current HOA fee and see if it's underfunded.

 

What a lot of people are discovering recently is that a lot of shoddy construction work + 10 years age + lots of common area repair bills + underfunding in HOA dues = steep HOA hikes in the forseeable future.

For example: I'm told Crest Del Mar, which was one of the nicer townhomes, is currently experiencing HOA underfunding, and owners have been notified of gradual HOA due increases moving forward. Current around $250-$285. 

Especially if your interested in condo-converts..There is a high probability the HOAs are underfunded. (Especially if you're considering in the Heights auction). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I should caution everyone planing to buy a townhome in carmel valley.

1) Check the approximate age of the townhome

2) Check the current HOA fee and see if it's underfunded.

 

What a lot of people are discovering recently is that a lot of shoddy construction work + 10 years age + lots of common area repair bills + underfunding in HOA dues = steep HOA hikes in the forseeable future.

For example: I'm told Crest Del Mar, which was one of the nicer townhomes, is currently experiencing HOA underfunding, and owners have been notified of gradual HOA due increases moving forward. Current around $250-$285. 

Especially if your interested in condo-converts..There is a high probability the HOAs are underfunded. (Especially if you're considering in the Heights auction). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Alex,

I have to say, you're pretty much a bitter old fart. 

I might say that you probably should get your facts straight about the auction at the heights before you start gloating about people losing 50%.

 

If you actually made an inquiry into the auction process at the Heights like me and a few buddies did, you would quickly realize that this is probably more or less an gimmick than a real auction.

First, this auction is open ended. What this means is that even if you were the only bidder on a property and the final bid was at $199k (highly unlikely), the seller still doesn't have to sell to you. In fact, if you talked to the Heights or the auction company, you would learn quickly that there is a minimum reserve bid on each unit, that if not met, won't be sold. Obviously, no one is willing to say what the reserve price is. 

Second, each auction requires 5% auction fee, on top of the final price. that price, you the buyer has to pay.

Third, as any other auction, there will be no loan contingency…

 

So, like I said, if you are truely curious about what the final prices will be, go prequal and attend the auction. I'm bringing along a few friends and relatives just to see what the final prices settle at. 

—– Sour grapes for everyone!

[Coronita]

Alex,

I have to say, you're pretty much a bitter old fart. 

I might say that you probably should get your facts straight about the auction at the heights before you start gloating about people losing 50%.

 

If you actually made an inquiry into the auction process at the Heights like me and a few buddies did, you would quickly realize that this is probably more or less an gimmick than a real auction.

First, this auction is open ended. What this means is that even if you were the only bidder on a property and the final bid was at $199k (highly unlikely), the seller still doesn't have to sell to you. In fact, if you talked to the Heights or the auction company, you would learn quickly that there is a minimum reserve bid on each unit, that if not met, won't be sold. Obviously, no one is willing to say what the reserve price is. 

Second, each auction requires 5% auction fee, on top of the final price. that price, you the buyer has to pay.

Third, as any other auction, there will be no loan contingency…

 

So, like I said, if you are truely curious about what the final prices will be, go prequal and attend the auction. I'm bringing along a few friends and relatives just to see what the final prices settle at. 

—– Sour grapes for everyone!

[Coronita]

Alex,

I have to say, you're pretty much a bitter old fart. 

I might say that you probably should get your facts straight about the auction at the heights before you start gloating about people losing 50%.

 

If you actually made an inquiry into the auction process at the Heights like me and a few buddies did, you would quickly realize that this is probably more or less an gimmick than a real auction.

First, this auction is open ended. What this means is that even if you were the only bidder on a property and the final bid was at $199k (highly unlikely), the seller still doesn't have to sell to you. In fact, if you talked to the Heights or the auction company, you would learn quickly that there is a minimum reserve bid on each unit, that if not met, won't be sold. Obviously, no one is willing to say what the reserve price is. 

Second, each auction requires 5% auction fee, on top of the final price. that price, you the buyer has to pay.

Third, as any other auction, there will be no loan contingency…

 

So, like I said, if you are truely curious about what the final prices will be, go prequal and attend the auction. I'm bringing along a few friends and relatives just to see what the final prices settle at. 

—– Sour grapes for everyone!

[Coronita]

Alex,

I have to say, you're pretty much a bitter old fart. 

I might say that you probably should get your facts straight about the auction at the heights before you start gloating about people losing 50%.

 

If you actually made an inquiry into the auction process at the Heights like me and a few buddies did, you would quickly realize that this is probably more or less an gimmick than a real auction.

First, this auction is open ended. What this means is that even if you were the only bidder on a property and the final bid was at $199k (highly unlikely), the seller still doesn't have to sell to you. In fact, if you talked to the Heights or the auction company, you would learn quickly that there is a minimum reserve bid on each unit, that if not met, won't be sold. Obviously, no one is willing to say what the reserve price is. 

Second, each auction requires 5% auction fee, on top of the final price. that price, you the buyer has to pay.

Third, as any other auction, there will be no loan contingency…

 

So, like I said, if you are truely curious about what the final prices will be, go prequal and attend the auction. I'm bringing along a few friends and relatives just to see what the final prices settle at. 

—– Sour grapes for everyone!

[Coronita]

Alex,

I have to say, you're pretty much a bitter old fart. 

I might say that you probably should get your facts straight about the auction at the heights before you start gloating about people losing 50%.

 

If you actually made an inquiry into the auction process at the Heights like me and a few buddies did, you would quickly realize that this is probably more or less an gimmick than a real auction.

First, this auction is open ended. What this means is that even if you were the only bidder on a property and the final bid was at $199k (highly unlikely), the seller still doesn't have to sell to you. In fact, if you talked to the Heights or the auction company, you would learn quickly that there is a minimum reserve bid on each unit, that if not met, won't be sold. Obviously, no one is willing to say what the reserve price is. 

Second, each auction requires 5% auction fee, on top of the final price. that price, you the buyer has to pay.

Third, as any other auction, there will be no loan contingency…

 

So, like I said, if you are truely curious about what the final prices will be, go prequal and attend the auction. I'm bringing along a few friends and relatives just to see what the final prices settle at. 

—– Sour grapes for everyone!

[Author]

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