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re: Buying Property Must Do's
Posted on 1/17/24 at 12:39 pm to TigerDoug
Posted on 1/17/24 at 12:39 pm to TigerDoug
quote:Not to mention how FHA handles appraisals and repairs
Not sure if you're doing fha or not but need to check if HOA is in good standing on this. Had a situation where the HOA forgot to turn in paperwork so not eligible for FHA loan
1
Posted on 1/18/24 at 12:06 pm to llfshoals
quote:
Not to mention how FHA handles appraisals and repairs
Horrible on appraisals. VA is bad as well. Last 2 houses I had with VA loan were awful on the appraised value. Not even close. Had a new build that the VA appraiser said is only worth 280k. I couldn't build it for that. 4 bed 3 bath home walkout with a nice covered deck. In the end did me a favor and sold it for 30k more than original list. Still a pain in the butt. Try to avoid VA or FHA if you can when selling.
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