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Ordinance could help condo sellers and buyers

 

April 26, 2019

What happens when you want to sell your condo but no bank will finance the sale?

That is happening in Edmonds right now, and City leaders on Tuesday, April 23, unanimously approved a temporary 180-day ordinance that could satisfy sellers, buyers and lenders.

The issue is with nonconforming buildings, those that once met zoning and site development standards but are now outdated. This applies mostly to older apartment and condo developments in the city – many built decades ago and which can be found on Fifth Avenue South and to the west.

The problem? These buildings no longer conform to...



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