selling a condo: Is Your Condo Association Hurting Your Sale? - 06/29/11 08:13 AM
If you want to sell a condo in today’s real estate market, there are 3 items to check with your condo association before you put your condo up for sale:
 
Owner occupancy – Most buyers today don’t have a 20% down payment. If you want to open up your condo to the largest buyer pool, then your building will need to have at least a 70% owner occupancy ratio. Although it is possible for a buyer to get financing with a lower owner occupancy ratio, the buyer will need to have at least a 20% down payment.
Budget – at … (2 comments)