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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Are you ready to stop paying your landlord’s mortgage in Kalamazoo or Portage, but saving $10,000 to $15,000 for a down payment and closing costs feels like trying to run through wet cement?
Yesterday morning, a first-time home buyer walked into my office. They hold steady employment at a local healthcare system, maintain clean credit, and pay $1,650 every single month in rent.
Over the weekend, they toured a great starter home listed at $220,000 near Milwood.