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Andrew Duncan, Tampa Bay's #1 Realtor and expert talks with Arnie and David Diaz of Waterstone Mortgage about condo financing and how FHA loosening guidelines will help condos in both Tampa Bay as well as Sarasota / Bradenton. There are so many condos out there that are undervalued and selling for lower prices because of the financing obstacles that are presented with those condos.
To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.
FHA is changing some of it’s rules which should allow more condo buildings to get FHA approval which would increase the ability of people to buy it and in effect would increase prices. Condo values have been depressed because of 25+% down payments being needed and if FHA loosens up, it could have a dramatic impact on condo values and demand.