Highest Sale Ever Recorded in Harbour Cove!
New Financing Rules Net Ypsilanti Condo Seller Nearly $100,000
Looking out from the second story balcony over the calm, crystal clear waters of Ford Lake I knew it was a longshot. Despite the beautiful views and renovations the owner put into their condo, archaic financing rules have hampered values in condominium developments like Harbour Cove, which sits at the southern tip of Ford Lake in Ypsilanti Township.
Fortunately, for the new purchaser and owner, the financing rules for condominiums have changed over the past several months opening up new opportunities for buyers and sellers alike.
To get a better understanding of what has changed it’s important to understand what FHA (Federal…