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Condo Transactions, Simplified
Too many condo deals fall apart at the finish line. That ends here.
Listing agents and buying agents can now have a condo reviewed and pre-approved before the contract is ever executed.
The Problem
For Listing Agents
- A loan denial days before closing
- Marketing to the wrong pool of buyers
- No clear way to know which offer to accept
The Problem
For Buying Agents
- Guesswork when structuring the offer
- Not knowing which condos are safe to show
- Letting the buyer down and losing the transaction
The Solution
We will review:
HOA’s Financials
HOA’s Master Insurance
Building Inspection
Litigation (if applicable)
All before contract execution
Most failed condo transactions can be prevented at the listing presentation
How to list and sell condos effectively
When you list a condo, you’re selling two things: the interior space and the association.
Interior space
The unit itself is what draws buyers in and drives the value of the condominium.
Association
Knowing whether the association is financeable is critical to marketing the condo effectively and keeping the transaction on track.
Start Your Condo Review
Here’s what we ask for at the listing presentation:
- The most recent year’s budget and balance sheet
- Copies of the certificates of insurance
- Confirm whether the HOA is party to any pending or active litigation
- Confirm whether any special assessments are current or planned
- Confirm whether any unit owners are 60 days or more delinquent on regular or special assessments
- Confirm whether the HOA has completed its SB-326 inspection within the past three years
- Confirm how many units are owner occupied
Listing agents are back in control
Get your condo listings approved for products that require as little as 3% down.
Condo Review Benefit
Identify potential pitfalls early
Condo Review Benefit
Learn which financing options and down payments are available
Have a buyer wanting to make an offer?
Avoid delays and transaction fallout
Prevent buyer stress
Know the down payment requirement up front
PGS Home Loans will provide preliminary finance eligibility and down payment insights for marketing and promotional purposes.
Final project eligibility is determined through full underwriting and applicable investor or agency guidelines. This service is provided at no cost and is not conditioned on referrals. Do not upload consumer-sensitive information (SSNs, bank statements, etc.).