FHA approval for your complex means that you can sell your unit to a buyer who only needs to put down 3.5%.
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This is great news because there will be a lot more competition to buy your place.
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I currently have a listing in Encino, CA... you may remember this city from the movie #EncinoMan. Its a large city in Los Angeles.
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Guess how many complexes have FHA approval in all of Encino? Only 3! The complex that I am selling the unit in is one of the three. This is HUGE!
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Buyers who can only put a small down payment have no choice but to consider my listing for purchase.
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Had I not known the complex was FHA approved, my seller would have lost his competitive edge.
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And it's so easy to look it up!
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When you are interviewing agents to sell your home, you know you have found a good one when they tell you at their listing presentation if your complex is FHA approved or not.
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That’s what I did with the owner of my current listing 😉
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Is your complex FHA approved?
