Showing posts with label buy a condo. Show all posts
Showing posts with label buy a condo. Show all posts

Jan 19, 2010

Fannie Mae Review May Lead to Increase in Florida Condo Sales

This month Fannie Mae announced that it would begin a detailed review of hundreds of condo projects in Florida in an effort to make them Fannie Mae eligible. The Fannie Mae team will be reviewing criteria that includes:
  • Occupancy
  • Association dues
  • Financial Stability
  • Property condition

Florida’s condo market could certainly use this boost. Condo sales throughout Central Florida have been seriously impacted by market conditions experienced the past few years.

If you are interested in purchasing a condo and would like to find out if the condo project is Fannie Mae approved give me a call. 407-304-0255


Related Florida real estate blog posts on condos

Sep 9, 2009

When buying a condo, the seller should provide you with specific documents.

Buying a condo

When buying a condo, the seller should provide you with specific documents no later than 3 days from the effective date of the contract. These documents are the condominium documents that are the most current, a question and answer sheet, current year end financial information and any amendments that have been recorded.

Condo disclosure

When buying a condo you and the seller will initial a condo disclosure that discusses your right as the buyer to receive these documents.


Related Florida real estate views:

Luxury condo Orlando

Are you considering the purchase of a home or condo in Central Florida?

Is it difficult to buy a bank owned home or condo in Florida?