My condo building is called non-warrantable—how can I sell?

It establishes only what the identified lender or program actually concluded. Fannie Mae and Freddie Mac publish condominium project review guidance, and lenders apply program requirements to project records. A result can depend on the review type, loan, borrower, unit, current documents, and unresolved building conditions.

Ask for the written finding, date, reviewing party, missing documents, and stated reason. Do not turn one declined loan or informal comment into a permanent building-wide conclusion. The detailed non-warrantable financing guide explains the distinction.

The actual project condition matters more than the shorthand label. Lender review may examine critical repairs, significant deferred maintenance, special assessments, insurance, litigation, budgets, reserves, delinquencies, ownership concentration, commercial space, rental characteristics, and completion or control issues. Requirements vary by program.

Florida regulatory processes are separate. Florida Statutes §553.899 generally requires milestone inspections for covered buildings at 30 years and every 10 years afterward; a local enforcement agency may require the first at 25 years based on local circumstances including proximity to salt water. Florida Statutes §718.112 governs SIRS and applicable reserve provisions.

Give reviewers current records and a dated explanation of change. Gather budgets, financial statements, insurance policies and summaries, association questionnaires, milestone and SIRS records, engineer reports available through the association, repair contracts and completion evidence, assessment notices and balances, litigation information, minutes, governing documents, and rules.

Use the condo seller hub as the broader checklist. If repairs or assessments are moving, distinguish estimate from contract, proposed funding from approved funding, and work underway from completed work.

Investigate financing before accepting an offer, while leaving approval with the buyer’s lender. Ask financed buyers whether their lender has reviewed the project issue, which records remain outstanding, and what contingency and timeline protect the parties. A portfolio lender or another program may evaluate facts differently, but no alternative should be promised.

Cash offers avoid mortgage approval but still require comparison of proof of funds, deposit, inspections, association review, title, contingencies, assignment, closing capacity, and net. Use the cash-versus-listing guide to compare written terms.

Show what is known, who decides, and what has changed since the adverse finding. A repaired condition, updated insurance, funded assessment, completed report, resolved litigation, or delivered document can matter, but only the responsible professional, association, agency, insurer, or lender can confirm its effect.

Alexandra organizes the building record, gives buyers consistent access, checks offer terms against the known issue, and tracks status through closing. She does not reinterpret engineering work or guarantee project approval. That precise boundary protects credibility and helps qualified buyers evaluate the opportunity.