You just listed a new condominium and you're excited; you priced it right and you expect it to sell and close within 45 days. Financing is a big deal for most condo buyers; in San Diego, condos are often bought by first-time home buyers. You might be making these common mistakes which could cause the offers to come in much lower than you want, have deals fall out of escrow, or delay the closing.
1- Not checking to see which financing is available. See if the complex is approved for FHA financing and be careful to see when the expiration date of the approval is. Check to see if the complex is approved for VA financing. If you can't find the complex on these lists, call me at 858-777-9751.
2- Check with the HOA to determine the owner occupancy percentage. If the percentage of homeowners is under 50%, the buyers won't be able to use FHA financing or conventional mortgages with less than 20% down payment. If the percentage is below 50%, consider having us submit the HOA package to VA for a complex approval.
3- Not ordering the HOA documents immediately. Most agents tell owners to wait until you have an accepted offer,then ask the escrow company to order the documents. This is a huge mistake because it delays the process. It's a cost to your seller but the seller has to provide those docs to any buyer; they might has well get it out of the way. Committed sellers will do this up front. You can call me at 858-777-9751, to review those documents, so you are prepared for any offer.
Too often, agents make these mistakes and are chasing their tails in escrow. We can help you to stop chasing your tail, maximize the price your seller gets, and guarantee a quick and successful closing.