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I'd say, why not?
Anything that makes sense.
Of course, I would, if the property made sense for my buyer!
Absolutely I would and do on a regular basis. When I sit down with a buyer the first time I talk about all their options including the possibility of buying a home that would otherwise meet all their needs but might need some TLC. However, sometimes buyers aren't up to the task of a renovation so it's up to me to determine what their intestinal fortitude is for a touch up or full blown renovation.
Yes I would and have in a very tight market. It has worked out well.
Thanks, Richard Woodward,
I will check it out!
I would if you have a trusted loan officer that really knows how to handle these. Guidelines change often and you want someone who has experience.
Absolutely. I would recommend this in all types of markets for those looking to make this type of purchase.
YES! And, I have, from time to time. Especially with first-time buyers.
Btwn them and their lender.
Try for sure.
I would leave that to their lender...
WOW...another loaded question. If a buyer is doing a loan that require cosmetic repairs and even FHA may require this...would you really recommend your buyer take 30 years to pay these repairs off? Things like new carpet and exterior paint. In some cases it might be worth it, I've done that. But in some cases...it's not so good. In the two cases where I recommended it...the houses were bank owned and the buyers could increase their value significantly by have the repairs completed.
Only if it makes sense to do so. It costs more to do a 203K and the home would have to be priced well under market. That is unlikely to be when inventory is so low.