Tip of the Week – FHA Approved Condos

So your buyer found the perfect condo, got approved for an FHA loan and wants to make an offer. But you just noticed a big problem: the listing incorrectly says it is FHA approved. Now you’ve got to break the news to your client. It can be a very frustrating situation for all parties involved.

Whether you’re a listing or selling agent, we encourage you to visit the link below (HUD.gov) and ensure that the condo and/or condo association IS FHA approved. This process takes just a minute or two of your time. It will help save the buyer and seller’s agent time, and client disappointment, if the information is correct in the “Financial Information” section of the listing.

Click Here to Check Your Condo Listings


Submit Your Own Tip! Do you have a question that you would like to see featured a Tip of the Week? Or maybe you have your own tip you would like to share with other NorthstarMLS users. Send your question or idea to tips@northstarmls.com. We will use one submission each month and the winner will receive a $30 Caribou Coffee gift card!


Tips On Demand Want to check out older Tip of the Week topics? Click here to view an archive of previous Tip of the Week entries.

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Do you list Condos? Frustrated at finding what is included with the Association Fee, the name of the management company and its phone number? NorthstarMLS has launched a project to help determine and standardize the values for these fields.

Now when you auto-fill a condo listing from the tax record, we will also auto-fill the fields Association Fee Includes, Association Management Company Name, and Association Management Company Phone Number.

Where does NorthstarMLS get this information? We have reviewed condo listings from the past three years. We applied a formula to each condo building that factors most commonly and most recently reported data to determine what we auto-fill.

This is a work in progress, and we need everyone’s help to make it successful. As with auto-fill from the tax records, the List Agent is still responsible to check the accuracy of all data fields, including the Association information. If you find that anything we are auto-filling for these fields is not correct for a particular development, please report it to our Help Desk at help@northstarmls.com, and we will make the change.

Our goal is to ensure that over time, the data for these Association fields is as accurate and consistent as possible for the benefit of all agents and their clients.

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Tip of the Week – FHA Approved Condos

So your buyer found the perfect condo, got approved for an FHA loan and wants to make an offer. But you just noticed a big problem: the listing incorrectly says it is FHA approved. Now you’ve got to break the news to your client. It can be a very frustrating situation for all parties involved.

Whether you’re a listing or selling agent, we encourage you to visit the link below (HUD.gov) and ensure that the condo and/or condo association IS FHA approved. This process takes just a minute or two of your time. It will help save the buyer and seller’s agent time, and client disappointment, if the information is correct in the “Financial Information” section of the listing.

Check Your Condo Listings Here

Thanks to Steve Norton of Norton Realty, Inc (Mendota Heights) and Dave Rakowczyk of Coldwell Banker Burnet (Woodbury) for their recommendation of this week’s Tip of the Week. They will both be receiving a $30 Caribou Coffee gift card.


Submit Your Own Tip! Do you have a question that you would like to see featured a Tip of the Week? Or maybe you have your own tip you would like to share with other NorthstarMLS users. Send your question or idea to tips@northstarmls.com. We will use one submission each month and the winner will receive a $30 Caribou Coffee gift card!


Tips On Demand Want to check out older Tip of the Week topics? Click here to view an archive of previous Tip of the Week entries.

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