Condo Homes

A warrantable condo meets Fannie Mae and Freddie Mac lending guidelines.

Non-warrantable condos may:

• Limit financing options
• Require higher down payments
• Delay closing

Offer structure should confirm warrantability before removing contingencies.

Delays commonly stem from:

• Incomplete questionnaires
• Insurance gaps
• Reserve insufficiency
• Pending litigation

We have seen closings delayed weeks due to association inaction.

Offer timelines should account for this.

Review:

• Budget
• Reserve study
• Meeting minutes
• Pending assessments
• Rules and restrictions

This protects against unexpected costs.

If documents are not available pre-offer, yes.

In competitive markets, buyers may shorten review windows instead of removing the contingency entirely.

Condo appraisals rely heavily on:

• Recent unit sales
• HOA health
• Market absorption

In smaller associations, comparables may be limited.

Offer structure should anticipate that.