New Condo Guidelines! Not good news





Freddie and Fannie have issued new guides for condos. Basically, a new building must be 51% sold to people going to live there as primary or secondary homes. So, you can’t be the first to close on a new building unless the presale is met! Bad news for buyers and condo sellers, especially in good areas like Philadelphia.

For a review of your condo, please call me at 877-282-5789.

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