08/26/2026
You've seen this graphic. Now let's talk about what buyers can actually do.
Since mandatory full condo reviews went into effect August 3rd, I've been getting questions about what this means for people currently under contract or searching for a condo.
Here's what you need to know:
✅ Get your lender involved BEFORE you fall in love with a condo. A quick call can flag potential HOA issues before you're emotionally invested.
✅ Ask the listing agent upfront: What % is the HOA putting into reserves? If they don't know, that's a red flag.
✅ Budget extra time. Condo reviews now take longer. If you have a closing deadline, plan accordingly.
✅ Don't assume approval. A fully qualified buyer can still lose a deal because of the condo project itself — not their finances.
I've had clients go through 10 business days waiting on documents only to find the HOA isn't financeable. That's 10 days of stress that could've been avoided.
If you're shopping for a condo in CT, NY, NJ, MA, RI, FL, or GA — DM me before you go under contract. Let's get ahead of it.
— MM The Mortgage Maker
