Richard Woodward  NMLS#217454, Service Beyond Expectations! Your Texas Lender (Service First Mortgage, NMLS #166487)

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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I'd say, why not?

Jan 27, 2018 09:41 PM
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Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

Anything that makes sense.

Jan 21, 2018 08:29 PM
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Of course, I would, if the property made sense for my buyer!

Jan 22, 2015 08:53 PM
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June Piper-Brandon
Houwzer Inc - Baltimore, MD
Piecing Dreams One Home at a Time

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. 

Jan 22, 2015 07:26 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Yes I would and have in a very tight market. It has worked out well.

Jan 22, 2015 08:34 AM
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Shannon Uhr
d + b Real Estate - McKinney, TX
part of The Anderson Team at D+B Real Estate

Thanks, Richard Woodward,
I will check it out!

Jan 22, 2015 07:46 AM
Rainmaker
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Richard Woodward NMLS#217454
Service First Mortgage, NMLS #166487 - Dallas, TX
Service Beyond Expectations! Your Texas Lender

Shannon Uhr , I am teaching a class on Renovation Lending and how to use it to sell more homes on Wednesday in Plano.  You should come.

Jan 22, 2015 07:41 AM
Rainer
4,555
Shannon Uhr
d + b Real Estate - McKinney, TX
part of The Anderson Team at D+B Real Estate

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.

Jan 22, 2015 06:07 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Absolutely.  I would recommend this in all types of markets for those looking to make this type of purchase.

Jan 22, 2015 05:00 AM
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

YES!  And, I have, from time to time.  Especially with first-time buyers.

Jan 22, 2015 04:19 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Btwn them and their lender.

Sep 13, 2019 11:58 PM
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Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Try for sure.

Jun 01, 2018 11:42 PM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I would leave that to their lender...

May 19, 2017 05:36 AM
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

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. 

Jan 23, 2015 04:11 PM
Rainmaker
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Richard Woodward NMLS#217454
Service First Mortgage, NMLS #166487 - Dallas, TX
Service Beyond Expectations! Your Texas Lender

Evelyn Johnston , when using a 203K, the house does not have to be under market.  In fact, with 203K, one can finance up to 110% of the value.  Additionally, if the improvements being made add value, that value is given consideration.  The appraisal is done on a "As Completed" value.  If a bedroom is added the house would them be compared to homes with the same number of bedrooms.  I agree, due diligence is required, but working with an experienced lender can help make that process easier.

Jan 22, 2015 11:11 PM
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

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.

Jan 22, 2015 12:09 PM