What California Condo Owners Need To Know About Senate Bill 326

Описание: A new California law is silently creating a crisis for condo owners. If your building has wooden balconies, you could be on the verge of losing access to conventional financing, making your condo nearly impossible to sell for top dollar. Today, I’ll break down Senate Bill 326 and why it’s causing Fannie Mae to blacklist entire buildings. You’ll learn how this is creating a massive surge in inventory, forcing prices down, and the one thing you must check to protect your investment. Get the full condo market update in my latest video.

Learn more: https://theelmerteam.com/blog/what-ca...

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Timestamp:
00:00 -- Intro
00:18 -- Senate bill 326
00:45 -- What is required
01:10 -- Fannie Mae and Freddie Mac policy
01:54 -- What does this mean
02:08 -- Effect on condo prices
02:51 -- Market supply and buyer behavior
03:32 -- The bottom line
04:08 -- Reach out

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The decision to buy or sell a home shouldn’t be made lightly. Here at The Melinda Elmer Team, we want to help make that decision easier by providing you with relevant, educational information about real estate in the SoCal area, and the real estate market, right here on our YouTube channel. Whether you’re looking for helpful tips about buying a home, selling a home, or the latest market statistics, we’re here to bring that information together all in one place. We have a passion for helping homebuyers and home sellers achieve their goals and we’d love to talk to you about how we might help you achieve yours. If you have any real estate-related questions for us, don’t hesitate to reach out to us via phone or email today.

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Melinda Elmer | Realtor
The Elmer Team at Century 21 Masters
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