Condo Approval Standards Raising
Aug 29th, 2007 | By bea | Category: Blog, Bradenton, Featured home, Sarasota, Seller Advice
Many owners of condos in Florida have difficulties to find a buyer in the current down market. Now times are getting even harder.Condo boards across Florida have begun raising their approval standards for buyers because of concerns about the applicants’ ability to pay their monthly maintenance fees. The condo boards are afraid that buyers might be unable to pay both – their mortgage and association obligations – and decide to pay for the mortgage but ignore the maintenance fees.
Owners of condominiums now fear, that it will be even harder to find a buyer. With to much inventory on the market it hurts if the board is cutting out a big part of potential buyers.
If you struggle to sell your condo, please pick up your phone and give us a call @ 941.866.1666. We will market your home to our qualified local and international buyers.
