Why would you show a non-approved condo to an FHA buyer?
Recently this has happened so much to me that I thought I would write a post about it. The poor unsuspecting buyer thinks they are in capable hands when in fact they are with an agent that doesn't have a clue.
I thought that in Real Estate 101 someone once told me (they were selling caves at that time) that you can't sell all condos to every buyer. Either they can go FHA or they can't. Can't mix and match, it's got to be a 'yes' or a 'no' for the complex.
I have a non-approved 2BR condo in the worlds smallest complex of 13. That's it folks, one building, everyone in it is retired. Since I mistakenly thought every agent knew there is no longer any 'spot approvals' for FHA I would have no problems. Last 3 showings the agent feedback was - my buyer is FHA. Great!
No where on the listing sheet do I say that it is FHA approved! Don't you check before you throw the poor buyer in the car? Don't you check before the poor buyer falls in love with the place?
It must be me. I must be crazy. I would only like to show properties that my buyers can actually purchase.
Buyers - if you would like to work with a conscientious buyers agent who actually knows her market and can tell you which complexes are FHA approved and which are not, please give me a call. I can save you many hours of driving around with an agent that doesn't have a clue!
Unless of course you need a chauffeur, then call that other agent.
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