What Every Condo Buyer Needs to Watch Out For! скачать в хорошем качестве

What Every Condo Buyer Needs to Watch Out For!

BIG CHANGES in Condo Financing | What Buyers Need to Know You found the perfect condo. The finishes are great, the location is ideal, and the price is surprisingly reasonable. For the past few years, buying condos has been a bit easier as there is more for sale and less demand. But wait - can you actually get financing for it? That’s the million-dollar question. Thanks to Fannie Mae and Freddie Mac, the answer might be: not anymore. What happens if the condo you want to buy isn’t eligible for financing and what do you need to know before you get your heart set on a new home? I’m Melissa Terzis, DC Real Estate Mama and I’ve been in DC Area Real Estate since 2001. I help people like you buy and sell homes throughout DC Maryland and Virginia so send me a message if you want to chat. After the Surfside collapse, Fannie Mae and Freddie Mac started reviewing guidelines for how they assess the risk of a condo building. These guidelines are constantly being reviewed to ensure lending in these condo buildings and communities is as secure an investment as possible. If the building collapses, the master insurance policy is what determines the rebuilding process. Right now, things are getting stricter, particularly with insurance requirements. These aren’t minor tweaks being instituted. These are sweeping changes to underwriting guidelines—some experts think 30–40% of condo buildings might not qualify under the new rules. And the timing? Impeccable, as always. Between rising insurance costs and lingering post-pandemic repair delays, this is hitting condo communities hard. Just when the condo market was recovering in some areas too. Locally in the DC Area, condos have had a burst of traffic the past few months. Thinking about moving to DC? Wondering what living in DC is really like? You’re in the right place. I'm Melissa Terzis — a longtime DC resident (20+ years and counting), real estate agent, and mom who knows this city and its suburbs inside and out. If you're relocating to the Washington DC area — whether it's Maryland, Northern Virginia, or right here in the District — I’m here to give you real insights you can trust. In this video, I cover: 🏡 What living in DC is really like for families 🏫 Navigating DC, Maryland, and Virginia school systems 📍 Best neighborhoods in DC, Montgomery County, and Northern Virginia 🚗 What you need to know about commuting, walkability, and daily life ✨ The real differences between living in DC, Maryland, and Virginia — no fluff, no AI scripts, just firsthand local expertise. Whether you're moving to Maryland, Virginia, or exploring the entire DMV area, I break down what makes each community unique — so you can find the best place to live for your lifestyle and family needs. Subscribe for honest advice on moving to DC, living in DC, and making your transition a whole lot easier. ===== I work with clients from all over the world who are relocating here. Email, call or text anytime, I'm happy to help! Watch more videos 👇👇👇 Virginia Neighborhoods    • VIRGINIA | Neighborhood Tour   Maryland Neighborhoods    • MARYLAND | Neighborhood Tour   DC Neighborhoods    • WASHINGTON DC | Neighborhood Tour   DMV Schools    • SCHOOLS: DC, Maryland & Virginia   Subscribe to my channel here: ✅    / @dcrealestatemama   If you have any questions about this video, leave a comment! If you have questions about real estate in DC, Maryland or Virginia, my contact info is below. ===== Melissa Terzis 📲 (202) 253-9105 📩 [email protected] 🌐 https://www.dcrealestatemama.com/ TTR | Sotheby's International Realty 1206 30th St NW Washington, DC 20007 Office: (202) 234.3344 Melissa Terzis | DC Real Estate Mama