Fyi, the post I just wrote on newly expanding FHA home loan options for San Francisco condominium purchase also affects those of you considering listing your condo. Have you been wanting to sell your Mission Dolores Condo (or Noe Valley, or Hayes Valley, or Bernal Heights, or wherever) but been afraid of the limited financing options for potential buyers? Get ready to smile.
The rules are changing so more condos will be eligible for FHA financing. This means MORE buyers for your condo. Right now, buyers need 20% down payment to buy a condo. With FHA, they only need 3.5% or more.
Check out the post for more details.