Tuesday, July 10, 2012

Condo dilemmas....

It used to be fun selling real estate, but now its getting harder and harder to even get deals closed.  Take for instance, selling a condo here at the beach.  One of the many questions I hear all the time is how do you know if a condo is FHA or VA approved.  This is something you can check quickly and easily by going to:
FHA - https://entp.hud.gov/idapp/html/condlook.cfm?CFID=17487015&CFTOKEN=2e2337b1704b8063-3846EF52-0530-56EC-838AEE8A86411193

or VA: https://vip.vba.va.gov/portal/VBAH/VBAHome/condopudsearch

This should be your first step if you have a buyer wanting to purchase using either of the two mortgage types.  if the complex is not currently approved, move them on to something else, the approval process for a condo project can take 60 days or more!!!

It's a cash world for condo buyers to make a smooth closing.

what are you seeing out there?

Happy Selling!!!

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