Ignoring FHA Issues Before the Appraisal Can Cost Time and Money We’re a microwave society. We want things done fast so we can move on to the next thing on our to-do list. The home buying process is no different. I’ve read that the goal in the mortgage business is to make it as quick […]
Should I Make Repairs To My Home Before It’s Appraised?
December 11, 2018 By 22 Comments
To Repair Or Not To Repair I received a phone call this week from a reader of my appraisal blog. They told me that they are getting a home equity loan and the real estate appraiser is coming out next week. They wanted to know if they should make repairs to their home before the […]
4 Things Agents Can Do To Save Their FHA Buyers Money And Time
May 3, 2018 By 1 Comment
Do You Want To Save Your FHA Buyers Money and Time? This week I had a situation with an FHA appraisal assignment that I wanted to share with you. The thing that makes this one different from the others is that if it had been handled differently it would have saved the buyers money on […]
Do I have to repair it now, or can I wait until the loan closes?
October 3, 2013 By 3 Comments
I was speaking with a real estate agent friend recently about FHA appraisals and specifically about items that needed repair. Several years ago HUD made revisions to their guidelines regarding items that needed repair on an FHA purchase. I think they were attempting to make FHA loans more purchaser friendly because their requirements were much […]
How NOT to dispose of peeling paint for an FHA appraisal
May 9, 2012 By 3 Comments
I wanted to share a photo with you that I took recently of a home I was appraising. It was for an FHA appraisal of an older house built prior to 1978. You may wonder why the year 1978 is so important, so I will tell you. It was in 1978 that lead paint was […]
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