--71.207.xxx.x

I always thought they did their inspection to see if they want to loan FHA money on the house. Is everything up to their lending standard. So yes I suppose they will look at everything. I wouldn't worry about it, you'll either have to fix the things required for buyer to get the FHA loan or the buyer will have to get other financing. Or you'll find another buyer. Relax. It's a super cute property and your asking price maybe leaving some money on the table, but that's between your agent and you. From reviewing the market there it's just all over the board! --172.56.xx.x

Roy,that is a very nice looking house.Did the winning bidder ask for seller concessions? very common for FHA buyers to ask for seller concessions,usually FHA will allow 6% which helps get buyers in for almost nothing especially down there with cheap taxes.I would expect the appraiser to go through an determine value,by the looks of it i dont expect the appraiser to come up with many problems,handrails is a big one they all seem to look for.If the home buyer orders a home inspection that is where you could have a problem,they get rediculously picky and every one has different things they complain about.Sometimes the buyer doesnt ask for an inspection on the purchase contract and with 5 offers i would be looking to determine if anyone didnt ask for it. If you have never seen a home inspector pick apart a house it might be worth going while he is there to see it --74.77.xx.xx

Make sure who you choose has a pre approval of some kind --74.77.xx.xx

I have sold many houses where the buyer had an FHA loan. All the transactions have gone smoothly. An FHA inspection is different from a regular home inspection. It's much less nit-picky. FHA is looking for "safe, sound and secure." Handrails where necessary, no bare light bulbs on light fixtures, no water intrusion, etc. --75.91.xxx.xxx

Also, FHA requires a stove to be in the kitchen before the appraiser comes. I have to do that now. I will check back with you all later on. --71.207.xxx.x

My realtor told me that FHA inspectors are now required to crawl every square inch of attic/crawl space. Will they? Doubtfully. --50.202.xxx.xx

Last FHA I dealt with I ended up passing on. It was a WWII bungalow that was in descent shape. The inspector came up with a laundry list including new roof, grading up to the foundation, screens on all windows, changing out all water cutoff's on sinks and toilets, and about 20 other things. It would have been about $8-10K to remedy on an $80k house. The inspector here is a pain. --209.205.xxx.xx

I agree it is a cute place and like usual your colors blend so well together here. I am kinda picky and will point out a couple things that may fail any lender inspection; photo 5 shows porch roof where the structural beam strength has been compromised by cutting rather than the overlay method of building roof supports - hard to tell if joist hangers were used on the beam connection near the opposite side of the door. Photo 6 shows the garage which has earthen material against the siding which will lead to rodent entry, shovel that away and pour a concrete rat wall to secure the foundation connection to the footings. Photo 13 shows laundry room connection where the electrical outlets are below the flood plane of the water box, I would raise the outlets inline with the water or slightly above. --76.190.xxx.xxx

Oh I forgot the very first photo where the electrical conduit is sagging along the way to the front motion spotlight housing, --76.190.xxx.xxx

Last FHA buyer I had , the appraiser did a “ desk appraisal “. They never even came out to the house. I have security cameras so I can verify they were never there. --68.191.xx.xx

One of the disadvantages of FHA is that the appraisal value sticks with the property 4 months so if you deal goes south and you end up with another FHA buyer, the appraisal value is already set. If the second buyer is conventional, that FHA appraisal doesn't matter. --73.205.xxx.xx

In my area that would be selling for $300,000-$400,000 even in a C / D neighborhood --71.184.xxx.xxx

I am meeting with my agent again this afternoon and I will try to get these questions answered. --71.207.xxx.x

If the buyer chooses to have their own independent home inspection done at their expense (about $3-400 in our area), they can do that, but I don't think it's an FHA requirement that the buyer have their own inspection in addition to the FHA inspection. Also, I believe FHA requires a termite inspection (different from general inspection or FHA inspection) at the sellers expense. --75.91.xxx.xxx

$300-$400K for my house in MA? Lets just say there is plenty of affordable housing in AL and many other states as well. Every time I hear about the lack of affordable housing in the U.S.,..that is nothing but total B.S.! And this is not a bad D neighborhood, it is just low income redneck. --71.207.xxx.x

The FHA inspections I have endured would best qualify as S8 housing inspections. Nobody is trying to "kill the deal". --206.84.xx.xxx

Very appealing color scheme! In this part of CA that property would list for $795,000. --71.198.xxx.xxx

Roy,2 different people.The FHA appraisal is necessary,the bank wont give a mortgage without an appraisal.The home inspector is unrelated to the appraisal,if the buyer wants an inspection he can get one but not necessary.They like to get a home inspection done so they can find something wrong and use it to squeeze you into money or repairs.This is why i said earlier to determine if your buyer or other offers do not want a home inspection done --74.77.xx.xx

Anyone else? Buyer's mother maybe. --71.207.xxx.x

I will meet with my agent in the morning and do another review of all of the offers. There was one cash offer for $70,000 but it was not in writing and I was not sure if the person was actually legit. --71.207.xxx.x

I think having attic access is a requirement around here. --73.113.xxx.xxx

Keeping dogs, cats and small children out of the crawlspace is mandatory with all my rental properties. --71.207.xxx.x

That didn't matter, they still tried to get an owner occupied loan from a FHA lender. I had several inspections and the buyer wanted me to fix everything on the list. I asked the buyers if English was their First Language because "AS-IS" doesn't mean I will fix anything you want me too. --47.156.xx.xx

We accepted an offer last year that was FHA contingent. The inspection wasn't too bad, but then the FHA appraiser came in with a value that was $10K below what was already a very competitive price. We walked away and went with a buyer who came with conventional financing. --104.230.xxx.xxx

No body is modifying the house (cutting) to do the inspection. This "hide'n seek" can work to your favor. Ask me how I know. If he can't see it ... he didn't see it. --206.84.xx.xxx

Going through an inspection and appraisal on another house; this time for a VA loan. It's an "as is" sale. I sold another house to a vet getting a VA loan and things went smoothly but much work had been done on that house. --73.108.xxx.xxx

Thanks for the new information. I have owned this house for 12 years and during that time I have made a ton of rent money off of it. HOWEVER, the 'hassle factor' of dealing with all of the issues with any rental house, with this particular house the hassle factor has been the greatest. I am ready to cut loose of this house ASAP. Even though it under contract at $79,900, today I would accept $50,000 cash for the house if anyone had that money to buy a house. In this neighborhood, people would rather buy a $50K car/truck that depreciates instead of buying a $50K house with $30K in equity. That is the mentality and it explains why I see a lot new vehicles parked in front of junky houses here. --71.207.xxx.x

Roy,you already said you have a $70000 cash offer and several FHA offers,why would you take $50000 cash? --74.77.xx.xx

I love that house. It has the garage apartment in the back, too, doesn't it? I'd give you double+ if it were here... --74.110.xxx.xx

I found out this morning my house is getting inspected at 4:30p.m. today by an independent home inspector hired by the buyer. The FHA appraiser is scheduled to come next week. Things are moving fast here. --71.207.xxx.x

--24.101.xxx.xxx

Money is not my highest priority here. I told my agent that I was willing to take less money if the buyer can close quickly. --71.207.xxx.x

Roy,tell your agent to tell all the offers to make there highest and best offer just like the banks do.If i was in your area i would meet you at the house and buy it from you cash quick for a discount like you are offering --74.77.xx.xx

If I can get the kid moved in I might sell the house she is in now. If the market hasn't softened too much by then. --107.147.xx.xxx

I may have dodged a bullet with the inspection. I don't have all of the facts yet, but this is what I do know. The person who did the inspection was not a licensed home inspector and the inspection was done by the person/buyer who made the full price offer. IOW, the buyer here did his own inspection! He found a few small things that bothered him but what he found was not a deal breaker. He requested (via his agent) a $400.00 discount to fix these small items himself. That is all I know for the time being. I should have all of the facts by Friday. --71.207.xxx.x

Roy, we do all of our own inspections these days, except some roofs and some septics, etc. Then we call in a roof guy or a septic guy or whatever - the specialist not a generic home inspector who won't crawl under a house and works from a list and sometimes doesn't know all that much! --74.110.xxx.xx

Roy,I would gladly give the buyer a $400 credit instead of a licensed home inspector.WMH,I have never hired an inspector,i think i know more than the majority of them anyway.15 minute walk through a house and i know what i am getting into well enough,i dont think about it for a week,i either buy it or i dont --74.77.xx.xx

--71.207.xxx.x