Need info/ FHA inspection
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Need info/ FHA inspection (by Roy [AL]) Sep 26, 2022 8:25 AM
       Need info/ FHA inspection (by plenty [MO]) Sep 26, 2022 8:36 AM
       Need info/ FHA inspection (by Ken [NY]) Sep 26, 2022 8:41 AM
       Need info/ FHA inspection (by Ken [NY]) Sep 26, 2022 8:46 AM
       Need info/ FHA inspection (by Jasper [OH]) Sep 26, 2022 9:02 AM
       Need info/ FHA inspection (by Roy [AL]) Sep 26, 2022 9:05 AM
       Need info/ FHA inspection (by Jason [VA]) Sep 26, 2022 9:11 AM
       Need info/ FHA inspection (by MikeA [TX]) Sep 26, 2022 9:12 AM
       Need info/ FHA inspection (by Vee [OH]) Sep 26, 2022 9:15 AM
       Need info/ FHA inspection (by Vee [OH]) Sep 26, 2022 9:21 AM
       Need info/ FHA inspection (by RentsDue [MA]) Sep 26, 2022 10:03 AM
       Need info/ FHA inspection (by FloridaNative [FL]) Sep 26, 2022 11:08 AM
       Need info/ FHA inspection (by Steve [MA]) Sep 26, 2022 11:09 AM
       Need info/ FHA inspection (by Roy [AL]) Sep 26, 2022 12:38 PM
       Need info/ FHA inspection (by Jasper [OH]) Sep 26, 2022 2:37 PM
       Need info/ FHA inspection (by Roy [AL]) Sep 26, 2022 2:54 PM
       Need info/ FHA inspection (by tryan [MA]) Sep 26, 2022 3:27 PM
       Need info/ FHA inspection (by Alan [CA]) Sep 26, 2022 3:43 PM
       Need info/ FHA inspection (by Ken [NY]) Sep 26, 2022 5:03 PM
       Need info/ FHA inspection (by Roy [AL]) Sep 26, 2022 5:04 PM
       Need info/ FHA inspection (by Roy [AL]) Sep 26, 2022 5:30 PM
       Need info/ FHA inspection (by 6x6 [TN]) Sep 26, 2022 6:34 PM
       Need info/ FHA inspection (by Roy [AL]) Sep 26, 2022 7:10 PM
       Need info/ FHA inspection (by Robert J [CA]) Sep 26, 2022 8:19 PM
       Need info/ FHA inspection (by Robin [WI]) Sep 26, 2022 9:27 PM
       Need info/ FHA inspection (by tryan [MA]) Sep 27, 2022 8:38 AM
       Need info/ FHA inspection (by Gail K [GA]) Sep 27, 2022 9:37 AM
       Need info/ FHA inspection (by Roy [AL]) Sep 27, 2022 9:47 AM
       Need info/ FHA inspection (by Ken [NY]) Sep 27, 2022 10:34 AM
       Need info/ FHA inspection (by WMH [NC]) Sep 27, 2022 11:24 AM
       Need info/ FHA inspection (by Roy [AL]) Sep 27, 2022 12:09 PM
       Need info/ FHA inspection (by Ray-N-Pa [PA]) Sep 27, 2022 12:57 PM
       Need info/ FHA inspection (by Roy [AL]) Sep 27, 2022 3:48 PM
       Need info/ FHA inspection (by Ken [NY]) Sep 27, 2022 6:28 PM
       Need info/ FHA inspection (by zero [IN]) Sep 28, 2022 7:30 AM
       Need info/ FHA inspection (by Roy [AL]) Sep 28, 2022 7:15 PM
       Need info/ FHA inspection (by WMH [NC]) Sep 28, 2022 8:21 PM
       Need info/ FHA inspection (by Ken [NY]) Sep 28, 2022 9:27 PM
       Need info/ FHA inspection (by Roy [AL]) Sep 28, 2022 11:17 PM

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Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 26, 2022 8:25 AM
Message:

Last Wednesday, my largest rental house (3/2/2) was listed on the MLS at $79,900. Within 48 hours, I had 5 written offers and all of these offers were contingent on the buyer getting FHA financing. There was 1 full price offer and I chose it because I felt I had nothing to lose since all of the offers revolved around FHA financing.

Now, according to my agent, an FHA appraiser will appraise the house and see if it worth the asking price. If I pass the 'appraisal test', then a home inspector will inspect the house. This house does have some 'old house' issues like uneven floors, no insulation in the walls, etc.

My question is: Do the FHA home inspectors inspect every square inch of the house? Will they crawl around inside the crawlspace and the attic looking for red flags they can write up in a report?

If you want to see my house that is now under contract, Google this address: 3218 Forrest Ave. Gadsden, AL 35904. It is on Zillow and several other RE sites as well.

--71.207.xxx.x




Need info/ FHA inspection (by plenty [MO]) Posted on: Sep 26, 2022 8:36 AM
Message:

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




Need info/ FHA inspection (by Ken [NY]) Posted on: Sep 26, 2022 8:41 AM
Message:

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




Need info/ FHA inspection (by Ken [NY]) Posted on: Sep 26, 2022 8:46 AM
Message:

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




Need info/ FHA inspection (by Jasper [OH]) Posted on: Sep 26, 2022 9:02 AM
Message:

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 26, 2022 9:05 AM
Message:

Plenty and Ken,

This is one of my houses located in a D hood. And the 'zoning here' is screwy,.. half residential and half low-end commercial (Sid would love this area). Just across the street is a business with a sign out front that says "Redneck Yacht Club". They rent inner tubes for intoxicated rednecks to float down the river with.

How much impact does the surrounding neighborhood (ie. white trash redneck) have on the appraisal value of my house?

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




Need info/ FHA inspection (by Jason [VA]) Posted on: Sep 26, 2022 9:11 AM
Message:

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




Need info/ FHA inspection (by MikeA [TX]) Posted on: Sep 26, 2022 9:12 AM
Message:

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




Need info/ FHA inspection (by Vee [OH]) Posted on: Sep 26, 2022 9:15 AM
Message:

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




Need info/ FHA inspection (by Vee [OH]) Posted on: Sep 26, 2022 9:21 AM
Message:

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




Need info/ FHA inspection (by RentsDue [MA]) Posted on: Sep 26, 2022 10:03 AM
Message:

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




Need info/ FHA inspection (by FloridaNative [FL]) Posted on: Sep 26, 2022 11:08 AM
Message:

For an FHA sale the lender sends an appraiser out to determine value and the "appraisal inspection" is done at that time. It is inspected for health and safety factors. It isn't as nearly extensive as a regular inspection. Any buyer should be having a regular inspection done separately at their expense. You can google "FHA appraisal inspection" and look at the 2021 FHA Appraisal Guidelines in the handbook to get an idea.

You don't have to repair anything unless it is listed in the appraisal report (specifically) and then it must be repaired prior to closing. Once it's repaired the appraiser comes back out to see that it is completed before you can close.

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




Need info/ FHA inspection (by Steve [MA]) Posted on: Sep 26, 2022 11:09 AM
Message:

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 26, 2022 12:38 PM
Message:

I am a little confused here. Is the FHA appraiser and FHA home inspector the same person? Or does FHA require the buyer to hire their own home inspector at the buyer's expense?

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




Need info/ FHA inspection (by Jasper [OH]) Posted on: Sep 26, 2022 2:37 PM
Message:

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 26, 2022 2:54 PM
Message:

Steve (MA)

$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




Need info/ FHA inspection (by tryan [MA]) Posted on: Sep 26, 2022 3:27 PM
Message:

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




Need info/ FHA inspection (by Alan [CA]) Posted on: Sep 26, 2022 3:43 PM
Message:

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




Need info/ FHA inspection (by Ken [NY]) Posted on: Sep 26, 2022 5:03 PM
Message:

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 26, 2022 5:04 PM
Message:

Tryan,

Just how many fricking inspections are there????

FHA Inspection?

FHA Appraiser/Inspector?

Independent Home Inspector paid by the buyer?

Termite Inspector?

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 26, 2022 5:30 PM
Message:

Ken,

Right now I have my only grunt worker under the house (in the crawlspace) removing debris and checking for mold/mildew just in case any inspector wants to crawl inside there and look for flaws. The entry hole to the attic was sealed off years ago because I did not want any tenants using the attic to store their worthless junk in.

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




Need info/ FHA inspection (by 6x6 [TN]) Posted on: Sep 26, 2022 6:34 PM
Message:

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 26, 2022 7:10 PM
Message:

6x6,

If an inspector wants to cut an attic access hole in the ceiling that is fine with me, however, that person will have to pay to have that hole repaired. My crawlspace doors are screwed shut but those screws can removed with a #25 star bit.

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




Need info/ FHA inspection (by Robert J [CA]) Posted on: Sep 26, 2022 8:19 PM
Message:

Curtain Lenders, including FHA, have requirements in order for them to fund a loan. You need to have known this before you listed or accepted this offer.

One time I was selling a property "as-is" cash only. I accepted an offer because the buy presented me with proof of funds.

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




Need info/ FHA inspection (by Robin [WI]) Posted on: Sep 26, 2022 9:27 PM
Message:

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




Need info/ FHA inspection (by tryan [MA]) Posted on: Sep 27, 2022 8:38 AM
Message:

Roy,

I feel your pain (again). Good new is the FHA "process" is paid by the buyer. And the offers are always higher (in my experiance)

because the buyers get better terms (low down payments).

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




Need info/ FHA inspection (by Gail K [GA]) Posted on: Sep 27, 2022 9:37 AM
Message:

Last home I sold with an FHA inspection turned into a bit of a pain as the house had an addition built on sometime in the past and records could not be found that showed permits had been pulled. Original owners had passed away so no one could confirm when this was done (i.e., perhaps prior to available permit records being kept by our local government) but the appraiser felt the windows in that addition were fairly new and if permits had been pulled they should have been available. We went round and round for a couple of days and then everything passed but not because of the room. Appraiser also did not like the electrical panel box but when my electrician stated it passed code suddenly everything was rosy again although this had nothing to do with that addition. Go figure.

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 27, 2022 9:47 AM
Message:

Tryan,

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




Need info/ FHA inspection (by Ken [NY]) Posted on: Sep 27, 2022 10:34 AM
Message:

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




Need info/ FHA inspection (by WMH [NC]) Posted on: Sep 27, 2022 11:24 AM
Message:

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 27, 2022 12:09 PM
Message:

Ken,

The $70K cash offer was not legit,...it came from some out of state investor who was full of B.S. and he was just trying to jerk my chain. My agent asked him for 'proof of funds' and he disappeared quickly. If you send me a cashiers check for $50K, I will fire my agent and that house will be yours today. Caveat Emptor.

WHM - that is the 2 car garage you are referring to. Knowing you though, it would be converted into an ADU. This house has a 'tiny house' up front that could easily be converted into a ADU,..if the city here would allow that. For years, the concrete block 'tiny house' has been used as a 'man cave' and it has gotten a lot of use as a man cave too. Back in the 60's when the tiny house was first built, the owner then used it as a convenience store. It use to have a large metal sign on the roof that said 'drink Coca Cola'. That was all that remained of the convenience store when I bought the house for $5K in 2010.

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




Need info/ FHA inspection (by Ray-N-Pa [PA]) Posted on: Sep 27, 2022 12:57 PM
Message:

Just an observation - sometimes the highest offer isn't the best offer. If someone is offering say $79K w/ 6K sellers assist and another person offers 71K cash w/o a sellers assist......which offer would be best?

Nice looking place, but depending on the inspector, you might be asking for a few repair projects

--24.101.xxx.xxx




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 27, 2022 3:48 PM
Message:

Ray,

What I have heard from various RE agents is that in many cases your 'first offer is usually the best offer'. Here I got multiple offers and I am not sure which one was first but if I end up blowing off the full price offer, I can choose another one. I am willing to make some seller concessions but with multiple offers, I will try to play one off the other if I am allowed to do that.

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




Need info/ FHA inspection (by Ken [NY]) Posted on: Sep 27, 2022 6:28 PM
Message:

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




Need info/ FHA inspection (by zero [IN]) Posted on: Sep 28, 2022 7:30 AM
Message:

How did the inspection go? Did they hit you for no gutters? Some of the alphabet loans require gutters unless overhangs are beyond I believe 2 foot.

Asking for best and highest is common around here. Same thing just happened when I bought the house for the oldest. I came back with no inspections and same price. They took it. I should have lowered the price because they really didn't want to mess with the house.

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 28, 2022 7:15 PM
Message:

Zero,

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




Need info/ FHA inspection (by WMH [NC]) Posted on: Sep 28, 2022 8:21 PM
Message:

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




Need info/ FHA inspection (by Ken [NY]) Posted on: Sep 28, 2022 9:27 PM
Message:

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




Need info/ FHA inspection (by Roy [AL]) Posted on: Sep 28, 2022 11:17 PM
Message:

Ken,

From what my agent said today, the buyer here is some type of contractor/handyman type who chose to do his own inspection versus paying a licensed pro $350.00 to do it. I told my agent to give him the $400 credit and just keep the ball moving forward here. FHA appraiser comes next week and I have been told his inspection is very similar to a Section 8 inspection which this house has passed several times back when I accepted Section 8 tenants.

All I trying to do here is get out of this white trash D hood.

--71.207.xxx.x



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