Is that Condo FHA approved? In metro Atlanta we have lots of condos for sale. Buyers who will be using FHA insured financing (3.5% down) need to know if the condo is on FHA's approved condo list.
Check out the official site for FHA Approved Condos.
Many Atlanta condos have restrictions limiting the number of rentals in a community. One of the reasons is because FHA will not approve a condo if it has more than 20% rentals. Some condos have wait lists of 2 or more years to be able to rent out your unit. If you are considering renting out your place in the future, I would suggest getting on the list early.
If you're thinking of buying or selling a condo in Atlanta or Smyrna, contact Jen Bowman, Keller Williams Realty Cityside at 404-456-5024.
Search for Homes in Cobb County, GA including Smyrna, Vinings, Marietta, Acworth, Powder Springs at www.HomesforSaleinCobbCounty.com.
Search for Homes in Dekalb County, GA including Decatur, Atlanta, Dunwoody, Tucker, Stone Mountain, Avondale Estates, Lithonia, & Ellenwood at www.DekalbHomeSearch.com.
Search for Atlanta's Luxury Homes including Cobb, Fulton, Dekalb and Gwinnett at LuxuryHomesGA.com
Realtor Jen Bowman has been featured on HGTV's My First Place, HGTV's Buying and Selling 20 Best Kept Secrets & Inman News - where real estate and technology connect. She is a proud member of Keller Williams Realty Atlanta Partners Agent Leadership Council. Jen is also a member of Keller Williams Realty Luxury Home Division, catering to luxury home buyers and sellers. Call or text 404-456-5024 today to get started buying your dream home in Dekalb or Cobb, selling your current home in Dekalb or Cobb, or learning more about an awesome career in real estate.
Jen, checking this out first is excellent advice as this has become more of a problem in recent years.
Jen,
Nice looking place. And I can imagine that this part of the market is very healthy right now... g
Kathy, I agree, it ahould be one of the first steps.
Thanks Cherise. The picture is from a condo in Midtown Atlanta that I just sold for a client.
Jen, I checked out the HUD website for FHA approved condominium projects...great site and now it's saved as one of my favorites because I get a lot of calls about the different condo areas around here...thanks for that link.