Condo Sales

With a single-family home, a buyer and lender are primarily evaluating the individual property.

With a condo, they’re also evaluating the community.

Lenders may review items such as:

• HOA financials, budgets, and reserve funding
• Master insurance coverage
• Deferred maintenance and major repairs
• Structural or engineering reports
• Special assessments
• Pending litigation
• HOA documentation and project eligibility
• Issues that may affect conventional, FHA, or other financing

Fannie Mae specifically identifies critical repairs, inadequate insurance, and certain other project conditions as potential reasons a condominium project may be ineligible for conventional financing.

That means a qualified buyer isn’t always enough. The building itself has to make sense to the lender.

And when it doesn’t, the consequences can be significant: fewer qualified buyers, longer escrows, financing surprises, renegotiation, or a transaction that falls apart altogether.

My experience selling condos throughout Greater Long Beach and Orange County allows me to anticipate the details that can make a difference before they become obstacles.

When you sell a condo, you need an agent who understands more than the unit. You need someone who understands the building, the market, and the path from listing to closing.