7551 Jordan Ave #102, Canoga Park Ca 91303

Our seller really wanted to sell his investment property, but was afraid it wouldn’t sell because it was a non-warrantable condo.

When a condo is labeled as non-warrantable, it means that it does not meet conventional guidelines and will not be bought by government-backed entities like Fannie Mae and Freddie Mac. Many lenders consider financing a mortgage for this type of property to be too risky which can make it harder to finance.

In this case, almost 70% of the building was tenant occupied, one investor owned almost 60% of the building. And in cases like this, it would be a hard sell.

However we received multiple offers in the first 2 weeks. We made sure to screen them all to make sure to find a solid buyer and successfully close!

Making sure your team of agents is knowledgeable, especially for non-traditional or difficult sales, is key to getting your home sold.