Find FHA Approved Condos in St. Louis

Did you know that the majority of condo communities in the St. Louis area are not approved for FHA loans?

They aren’t.

Years ago, if an HOA (homeowner’s association) for a condo community opted not to go through the process of getting approval for FHA loans, lenders could arrange a spot approval for a single unit so the buyer could purchase with an FHA loan.

But changes to the FHA loan rules eliminated FHA spot approvals years ago.

Most buyers have no idea that they are restricted to a small portion of local condos if they are getting an FHA loan.

When I work with buyers who plan to purchase using an FHA loan, I confirm FHA condo approval before I schedule an appointment to see the condo.

If I am representing the owner who wants to sell a condo, I check to see if FHA loans are allowed before I put it on the market. If they aren’t allowed, I let other agents know in the MLS listing so my clients don’t end up getting an offer from someone who won’t be able to get a loan.

And if FHA loans are allowed, then I make sure to advertise that buyers can use an FHA loan. With so few FHA approved condos available, it would be a big mistake not to let FHA buyers know they should come take a look.

Does your condo community allow FHA loans?

Check for yourself to see if your community is listed on the FHA list. Or contact me and I can easily check for you.

Here is a sample of results for the 63119 zip code.

All of the photos on this page represent condos that I listed for sellers in the last couple of years. None allowed FHA loans.

There are some complexes that do allow FHA loans. When I work with buyers who want an FHA approved condo, I identify complexes where they can purchase and can even send mailings to the complex owners to find them a condo that isn’t already on the market. 

If you are ready to buy or sell a condo, the agent you choose really makes a difference.

VIDEO TIP: Searching for Homes in the Rain

In the last couple of weeks, I could have recorded this video every day. And while I’ve been getting wet showing homes lately, I’d rather get wet now then get a call from my client weeks after closing to hear that the basement got wet the first time it rained.

Watch this short video on househunting in the rain and don’t forget to subscribe to the Arch City Homes weekly email and the video tips will be delivered directly to your inbox weekly.

What can you do if the basement is wet?

Sometimes there is an easy fix to water issues. Keeping the gutters clean is the first thing you can do to prevent water in the basement.

Another culprit that causes water to leak into basements is grading issues. If you see water pooling near the foundation when it rains, you need to modify the grading so the water drains away

VIDEO TIP: Searching for Homes in the Rain | Arch City Homes

Don’t let water puddle like this around your house. Taken on the way to show properties in March 2018.

But if gutters are clean and the grading is directing water away from the house, you might need to add a drain tile system with sump pump around the perimeter of the basement. A drain tile system with sump pit will funnel the water into the sump pit instead of letting it run across the basement floor. Then the sump pump will pump the water out and dump it into the yard via a PVC pipe.

If you aren’t willing to install an expensive drain tile system in the basement, shopping for homes in the rain is one way to avoid buying the wrong house.

Are You Thinking About Moving?

I specialize in selling St. Louis homes regardless of whether they will be the hot listing to hit the market or if they have a challenge that makes it much harder to sell.  I also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home in the St. Louis area, give me a call at 314-265-8073 and let’s talk about your options.

Staging – BEFORE and AFTER Pictures

Most of the time, professional staging makes a big difference in getting a vacant home sold for the highest price.

When I recommend staging, my clients almost always agree to bring in the stager before we put the home on the market and show it to buyers. It works and these homes almost always sell fast and for a good price.

I do have a few clients who don’t believe that staging will work, or isn’t needed for their home. In many cases, we end up bringing in the stager after we tried selling it without staging.

BEFORE AND AFTER PICTURES:

Below is one of the homes for sale I recently listed where we initially tried to sell it without staging. The before and after pictures used the same photographer. Nothing else was changed but staging. You can see for yourself the difference. And yes, we got better feedback as soon as we staged the house and quickly got it sold.

Which Would You Rather Buy?

staging really makes a difference in the way buyers think about homes

Even Bathrooms Look Better

Are You Thinking About Moving?

I specialize in selling St. Louis homes regardless of whether they will be the hot listing to hit the market or if they have a challenge that makes it much harder to sell.  I also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home in the St. Louis area, give me a call at 314-265-8073 and let’s talk about your options.

VIDEO TIP: Why Every Home for Sale Needs a REAL Video

Buyers want to see videos.

 

Surveys report that 90% of buyers want to see them. But those surveys also report that only 14% of of agents nationwide post videos on their listings to help them sell. And only 4% go a step further and post the video on sites like YouTube or their own website to get their listings as much exposure as possible.

I am one of the 4%. 

Every listing gets a property video (unless it sells before the video can be created…which does happen occasionally).

Each video is tailored to the unique features of a home. Most use drone photography, some highlight the subdivision or community features. Others focus just on the home or highlight the backyard.

My videos don’t follow a template format. Each is custom made to show buyers who are likely to be interested in that particular home what they want to know.

Moving forward, I’ve got more video tips for you. Be sure to subscribe to the Arch City Homes weekly email and the video tips will be delivered directly to your inbox.

Major Points in this Video:

  • why every home seller needs a video posted with their home listing
  • why a photo slideshow is not the same as a real live motion video
  • should the video be a full walking house tour
  • why use drone video in a property listing video
  • can an agent simplify things by using a video template for all of the home videos

Sample Home Videos:

My videos have changed a lot over the years. One of the things I’ve done is shorten the videos by sharing only highlights of the home interior. Since most videos are viewed on social media and they get watched for up to 120 seconds (if you are lucky), I’m working on getting my videos shorter.

That said, if I was going to buy a house, I would be willing to watch a 10 minute video of that home. So while I’m trying to get them as short as I can, I’ll go long if it is the only way to include important features of the home.

Here are 4 samples of my videos. You can see the rest on the Property Video page.

Are You Thinking About Moving?

I specialize in selling St. Louis homes regardless of whether they will be the hot listing to hit the market or if they have a challenge that makes it much harder to sell.  I also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home in the St. Louis area, give me a call at 314-265-8073 and let’s talk about your options.

VIDEO TIP: The Practical Way to Get a Tiny House in St. Louis

You don’t have to look far to find articles and videos promoting Tiny Homes. Many people, especially younger people without kids, get caught up in the idea of buying a house that is inexpensive and under 500 square feet.

But very few people would actually like living in such a small space. Imagine living in a camper, and that’s about what you get with a Tiny House.

But there is a practical way to keep your mortgage low and simplify your life. Watch my video below that I recorded just before the weather turned cold outside. I was sitting on the screened porch of my own tiny home.

While many real estate agents dream of working with clients looking for expensive homes and huge footprints, I can totally relate to my clients who don’t want to buy more than they need.

Moving forward, I’ve got more real estate tips for you. Be sure to subscribe to the Arch City Homes weekly email and the video tips will be delivered directly to your inbox.

Major Points in this Video:

  • trends going from McMansions to Tiny Houses
  • how can you find a practical tiny house in St. Louis
  • consider a starter home as your tiny home

St. Louis Tiny Homes:

Over the years I have lived in 2 homes that would be good options for buyers who dream of a tiny house and I’ve sold many others. Here are just a few of the ones I’ve sold in the last few years.

Are You Thinking About Moving?

I specialize in selling St. Louis homes regardless of whether they will be the hot listing to hit the market or if they have a challenge that makes it much harder to sell.  I also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home in the St. Louis area, give me a call at 314-265-8073 and let’s talk about your options.

VIDEO TIP: Do You Really Need to Drop Your Home Price?

Years ago I wrote a blog post to answer the question “how much should I drop my home price?” That article continues to get traffic today. Over the years, I’ve also asked clients who were firing their agent and hiring me why they were switching agents, and often got this answer:

My agent didn’t seem to have any ideas on how to get my home sold when it didn’t just sell itself quickly. All she/he could suggest was to drop the price. I would be willing to drop the price if I knew everything had been tried and it hadn’t worked, but shouldn’t we try some other things before we just drop the price?

Clearly this is an issue that concerns home sellers.

I recorded this video for Facebook and YouTube a few months ago. I’ve been so busy taking care of clients that I haven’t had time to post the video here on the blog until now. But everything I talk about in this video is just as true today as when I recorded it. I hope it helps you understand how pricing impacts home sales and when it is time to drop the price.

Moving forward, I’ve got more behind the scenes help. Be sure to subscribe to the Arch City Homes weekly email and the video tips will be delivered directly to your inbox weekly.

Major Points in this Video:

  • is the home getting showings and how does that impact selling?
  • what MLS data can help you decide if you should drop the price?
  • when should you talk to your agent about what will be done if it doesn’t sell right away?

No Price Drop Needed:

While I understand when it is time to drop the price and how much to lower it, most of the time no price drop is needed. Here are just some of the homes I sold this year that didn’t need a price drop at all.

Are You Thinking About Moving?

I specialize in selling St. Louis homes regardless of whether they will be the hot listing to hit the market or if they have a challenge that makes it much harder to sell.  I also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home in the St. Louis area, give me a call at 314-265-8073 and let’s talk about your options.