New Lending Guidelines Making It Tough on Some Condo Buyers- Condo HOAs and Owners You Can Help

A recent article in the Seattle Times, discussing buyer’s challenges with loan guideline changes, reminded me of the importance of HOA and condo buildings doing their best to stay viable and eligible for FHA, VA and Fannie Mae approvals not only for buyers in the market, but also for condo owners who might want or need to refinance. In light of stricter lending guidelines, and frankly the sheer cost of buying a condo in our very expensive Seattle condo market, there are three key things condo owners should be encouraging their HOAs to consider and stay on top off.

By |2019-08-23T18:43:13+00:00January 21st, 2016|Seattle Condo Real Estate 101, Seattle Condos|0 Comments

Client Question of the Week: What is the HOA Payoff Demand & Who Pays for it?

Client Question of the Week: “Escrow just called me and asked for a credit card to pay for an HOA Payoff Demand. What is this and who pays for this? Is [...]

Curious About Your Condo’s Assessed Property Value? – Here is your chance to hear it from the source

Ever been curious about how your condo property taxes are established, are they linked to your condo’s market value, or what about how often they are calculated and re-assessed?? Here is [...]

How Critical is Rental Percentage VS Owner Occupancy in an HOA?

Seattle condo review: How important is rental percentage vs owner occupancy in an HOA? In previous years, the percentage of units within an building that were owner occupied was a big factor when it came to buying or refinancing using a mortgage.

By |2019-08-23T18:43:17+00:00April 29th, 2015|Seattle Condo Real Estate 101|0 Comments

Client Question – What Info in a Resale Cert is Important & Do I Have to Provide One?

Seattle condo client question: What info in a resale cert is important and do i have to provide one. Read answers to client's common questions.

Client Question of the Week – How Difficult is it to Buy or Rent a 2nd Parking Space?

Seattle client question of the week: How difficult is it to buy or rent a 2nd parking space? Read answers to Seattle client's commonly asked questions.

Client Question of the Week: Does My Condo Property Tax Value Equal the Market Value of My Condo?

Seattle condo review: A client recently asked, "Does my condo property tax value equal the market value of my condo?" Seattle condo expert Marco Kronen answers the common condo owner question.

Client Question of the Week: Who Pays for Title Insurance?

Seattle condo review: "Who pays for tittle insurance?" Seattle condo expert Marco Kronen answers the condo owner's question throughly and makes it easy to understand.

Seattle Condo Market Update: Soft Landing for the Winter

Seattle condo review: Seattle condo market update- soft landing for the Winter. November 2012 data are in. Here's some key takeaways and of course, the charts.

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