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UNDER CONTRACT & UNDER CONTRACT AGAIN in Harrisburg Town Center
UNDER CONTRACT & UNDER CONTRACT AGAIN in Harrisburg Town Center
Sorry, Too Late! 3821 Carl Parmer Drive is Under Contract.
 
This beautiful condo in highly sought after Harrisburg Town Center, hit the market and already had several agents with buyers vying for this red hot property! We quickly went under Contract and almost made it to Closing with a fantastic cash buyer.
 
The buyer, who was purchasing for their son that attends nearby UNCC changed their minds, just prior to the end of Due Diligence, deciding to purchase the condo as a rental. 
 
Homeowners are required to apply for the right to lease their condos in this complex. Homeowners will be placed on a wait-list so as to maintain Fannie Mae & Freddie Mac's required maximum owner-occupied status in order for the complex to remain warrantable. There is approximately a year-long wait and a timeline is not guaranteed. 

Typically, a condo is considered warrantable (conforming) if:
No single entity owns more than 10% of the units in a project, including the developer At least 51% of the units are owner-occupied Fewer than 15% of the units are in arrears with their association dues Commercial space accounts for 25% or less of the total building square footage The homeowners association (HOA) is ... more

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