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Highlands View Townhomes in Smyrna, GA...a community with very few foreclosures...hmmm

By Don Lantier

Real Estate Broker/Owner with Donald J Lantier Realty H-47715

January 31, 2009 07:42 AM

Highlands View TownHomes in Smyrna Vinings Georgia

A "THUMBS UP" AND MY CHOICE OF A "BEST VALUE" COMMUNITY TO BUY INTO

a Great place to live and very few foreclosures

Highlands View pictures

The Highlands View Townhome community has, based on my review of other townhome communities in the area, held their value better than most in their price range in the general Cobb County ,GA area. A study of mortgages held on the properties, from a collective standpoint, show that the majority of owners have at least some equity in their homes, which in the current market means most owners made down payments on their homes and did not take out equity loans as so many have who own homes. The fact that they do have some equity is indicative of the kind of communtiy one should look to purchase in, in the Smyrna Vinings or greater Cobb County area. It also is indicative of fewer foreclsoures currently and makes the outlook for additional foreclsoures much slimmer...a good thing for current homeowners and potential buyers. As a matter of fact...a very good thing. It is important when purchasing in a townhome community to be aware of what homes have sold for and what the foreclosure history is, and why.

With some communities there is a pretty good chance that when buyers bought townhomes with interest only ARM loans and other insane loans like "option Arms" with zero down and builder paid closing costs, there will be more foreclosures as more owners will be upside down in their mortgages due to declined prices and having made no down payment. Beware and research the community in depth for upside down mortgages as chances are there will be several...a strong indication of future foreclosures or homeowners asking for more than the home will sell for. There are many contributing factors sto what makes a best value community and thus a home and the above are just a few.

Although there are other Townhome Communities that may be able to be considered "BEST VALUE" Communities, my current research of the Highlands View Townhome Community dicatates that I award it one of my "Best Value" resale TownHome Communities in the Smyrna Vinings, GA area This is a must see community if you are looking for a piece of the country just outside the city!

To veiw any of the Townhomes in the Highlands View Townhome Community or

for more info about how to determine what makes a community and a home a "BEST VALUE" or to see any or all of the townhomes for sale in this community

Please call 770-309-5297

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