Condo Financing: What Every Realtor Should Know Before Listing or Writing an Offer

I want the first two lines to do a lot of work because they're what viewers may see before clicking "more." Condo financing involves more than qualifying the buyer. Realtors also need to understand how the condominium project, HOA documentation, insurance, reserves, questionnaires, and financing timelines can affect the transaction. In this session of The Miller Team Realtor Education Series, Shawn Miller and Cristina Diaz discuss what real estate professionals should know before taking a condo listing or writing an offer. Whether you're representing the buyer or seller, you'll learn practical ways to identify potential condo financing concerns earlier, gather useful project information, and know when to involve the lender. In this session, we discuss: • What legally determines whether a property is a condominium • Why the condo project may need to be reviewed in addition to the borrower • Condo questionnaires and HOA documentation • Insurance, budgets, reserves, assessments, litigation, and project considerations • Why condo questionnaire turnaround times matter • What listing agents can do before putting a condo on the market • What buyer's agents should consider before writing an offer • Financing contingency timelines • Warrantable vs. non-warrantable condominiums • Alternative financing options when traditional financing may not fit • When to involve your lending partner For Listing Agents Preparing early can make a difference. Gathering available HOA contacts, budgets, meeting minutes, assessment information, insurance contacts, and information about major repairs can help identify potential financing concerns before a buyer is under contract. For Buyer's Agents Before writing an offer, communicate with the buyer's lender about the condominium project, available documentation, potential project review, and financing contingency timeline. The Key Takeaway You don't have to know every condo guideline. You need to know what to look for, what to ask, and when to involve your lending partner. Presenters About Shawn Miller Shawn Miller is Branch Manager of The Miller Team at VanDyk Mortgage and has helped thousands of families finance homes throughout his mortgage career. He specializes in traditional mortgage financing, Florida Housing programs, Down Payment Assistance, Non-QM lending solutions, and educating both Realtors and homebuyers. About Cristina Diaz Cristina Diaz is a Loan Originator with The Miller Team at VanDyk Mortgage who focuses on educating first-time homebuyers and helping clients understand the financing options available to achieve homeownership. Shawn K. Miller | Branch Manager | NMLS# 303855 Office: 727-214-6400 Mobile: 813-383-6066 Email: smiller@vandykmortgage.com www.shawnmillerhomeloans.com Cristina Diaz | Loan Originator | NMLS# 1140183 Office: 727-214-6400 Mobile: 813-420-8928 Email: cdiaz@vandykmortgage.com https://cristinadiaz.vandykmortgage.com/ VanDyk Mortgage Corporation NMLS #3035 Equal Housing Lender | nmlsconsumeraccess.org Tampa, FL The information presented is intended for educational purposes only. Mortgage programs, eligibility requirements, interest rates, and underwriting guidelines are subject to change without notice. All loans are subject to credit approval and applicable program guidelines. What makes a condo warrantable or non-warrantable? What does a lender review when financing a condo? What documents are needed for condo financing? What is a condo questionnaire? How long does a condo questionnaire take? What should a listing agent gather before listing a condo? What should a buyer's agent know before writing an offer on a condo? Can you finance a non-warrantable condo? condo financing condo financing for Realtors condominium financing condo loan requirements condo financing requirements condo listing buying a condo selling a condo condo financing for buyers condo financing for sellers condo financing Florida Florida condo financing condo financing Tampa Tampa Bay condo financing condo questionnaire condo questionnaire financing warrantable condo non-warrantable condo warrantable vs non-warrantable condo condo HOA requirements condo project review condo financing delays condo special assessments condo insurance requirements