Why the offers keep collapsing
Nothing here is about your unit. A condo loan is underwritten against the building as well as the borrower, and the building fails the test before your buyer ever does.
- It surfaces late. Project review happens well into underwriting — after inspection, after appraisal, after you’ve turned other offers away. Then the file dies and the listing clock resets.
- It repeats. The next financed buyer meets the same wall, because the constraint belongs to the building. Two or three cycles of this is what puts “price reduced” on a listing that was never overpriced.
- Buyers rarely learn why. They are told the loan didn’t work and they move on. The seller is left reading it as a market signal, which it isn’t.
Sell into it, not around it
Concealing a building’s standing doesn’t work — it’s public record, the buyer’s lender will find it, and all the delay costs you is another six weeks. Every approach below starts from the record being known.
- 1Find out exactly where the building stands. FHA and VA positions with dates, reserve and recertification filings. Free here, and it takes seconds. Conventional standing isn’t publishable, so a licensed loan officer checks that separately.
- 2Qualify the buyer pool honestly. Cash buyers and portfolio or non-QM lenders don’t rely on the agency lists, and foreign-national programs generally don’t either. That pool is smaller than the open market and it prices accordingly — but it closes.
- 3Put the standing in front of buyers early. Disclosed up front it is a known condition that shapes the price. Discovered at week six it reads as something you hid, and it kills the deal outright.
- 4Ask whether the building can be fixed. A lapsed FHA approval is renewable, and re-approval is a documentation exercise rather than a structural one. If your board is willing, that changes the buyer pool for every owner — including you.
We are not a brokerage and we don’t list or sell property. We connect owners with licensed professionals, and nothing here is a promise about a price or an outcome.
What the record looks like for a flagged building
Where several signals stack up, we publish a due-diligence read — the same one a buyer’s agent will find. Worth knowing what it says about your building before a buyer quotes it back at you.
Browse by city
How many buildings in your city carry flagged signals, and how many hold current approvals.