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I am thinking about buying a house in Palisades area. I like the area and the neighborhood looks nice but it seems to me it is a little overpriced? What can you tell me about their HOA fees? Is it pretty normal for Charlotte area? Also, if you have any other areas to consider to buy a house in the range mid $250's -$300s I'd appreciate it.
More than likely the foreclosures have churned through, but I would be very WARY about the HOA finances and look deeply into what the HOA is responsible for. Is the HOA responsible for repaving the roads? Huge bucks.... etc
Homes are selling very quickly in the Palisades now, with a lot of new constructiopn in multiple neighborhoods within the community. HOA fees are typical of a mega community, in certain neighborhoods membership to the new pool/ clubhouse is included so that you do not have to join the CC for swim/ workout facilities. Many of the builders are including CC membership initiation in their offerings.
The equestrian center is now privately owned and managed by a family in the Palisades. It is a well run operation from what I see (I have over 25 years of experience in competitive international show jumping, so I pay attention to the little things when visiting a barn).
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