Appraiser Nailed You With Required Repairs – No Worries!
With all the foreclosed homes on the market right now required repairs have become very common in the home buying process. No worries, its just another hurdle and there are a number of ways to get to closing even when the appraisal comes back with required repairs. All loan programs FHA, VA, Rural Development, & even conventional loans have the possibility of repairs. When the appraiser visits the home they may see health and safety issues they end up requiring be remedy as part of the transaction. This video walk you thru some examples off possible repairs. Below you will also find some down-loadable attachments to help guide you thru the process.
Note: The first half of the video gives examples, the second half explains how to handle the repairs (starting at 5:47)
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SELLER CONCESSIONS VS. PRICE REDUCTION
SELLER CONCESSIONS VS. PRICE REDUCTION: WHICH SAVES YOU MORE CASH IN KALAMAZOO?
Are you preparing an offer on a home in Kalamazoo, Portage, or Texas Township and trying to get the best financial deal from the seller?
Yesterday, a move-up buyer walked into my office after touring a spotless four-bedroom colonial near Westnedge Hill. The home listed at $310,000. They wanted to negotiate $10,000 off the deal to make their overall purchase more affordable.
Their immediate thought was to offer $300,000.