FHA Appraisals and Required Repairs: Unlock the Secret

Mortgages by Miles
Mortgages by Miles
5.5 هزار بار بازدید - پارسال - Buying a home with an
Buying a home with an FHA loan can be an exciting and fulfilling experience, but it's important to understand the FHA's minimum property standards and the required repairs that may be necessary. In this video, we'll explore everything you need to know about FHA appraisal repairs. We'll walk you through the appraisal process, explain what kinds of repairs are typically required, and share some tips for negotiating with the seller to ensure that the necessary repairs are made before you close on the property. Whether you're a first-time homebuyer or a seasoned real estate investor, this video is a must-watch for anyone looking to navigate the world of FHA appraisals and required repairs with confidence.

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Required repairs are limited to those repairs necessary to maintain safety, security and soundness. Required repairs are those necessary to preserve the continued marketability of the property and protect the health and safety of the occupants.

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NMLS 103819/3152
Miles Pitcher - Superior Lending Associates, L.C.

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Peeling paint in homes built before 1978, which might be a lead hazard
Unpainted downspouts and broken rain gutters
Rotting outbuildings in need of demolition
Exterior doors that don't properly open and close
Exposed wiring and uncovered junction boxes
Major plumbing issues and leaks
Inoperable HVAC systems
Leaky or defective roofs
Roofs with a life expectancy of fewer than three years
Roof composition over shake
Active and pest infestations
Rotting window sills, eaves, or support columns on a porch
Missing appliances that are usually sold with a home (i.e. stove, fridge, etc)
Bedrooms without minimally-sized windows for egress or windows with bars that don't release
Foundation or structural defects
Wet basements
Evidence of standing water in crawl space
Inoperable kitchen appliances
Empty swimming pools without working pumps, and abandoned pools with mosquito fish
Ripped screens
No pressure relief valve on water heater
Leaning or broken fences
Peeling Paint in homes built after 1978
Cracked glass in windows
Minor plumbing defects, such as dripping faucet
Missing handrails
Damaged wall coverings in homes built after 1978
Worn-out carpeting or defective floor finishes
Beat-up or damaged exterior doors that still open and close
Tripping hazards, such as heaving sidewalks
Debris under house that requires removal
Poor workmanship
Evidence of previous or inactive pest infestation
Replacement of flat roofs
Testing of wells, unless its required by local jurisdictions or if the water is suspected of contamination
پارسال در تاریخ 1402/01/08 منتشر شده است.
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