Things to Know about FHA Appraisals

Posted on by Arona A.
Arona Mcginley real estate agent seminole florida. FHA Appraisal

In order to use an FHA loan to purchase a home, the property will have to be appraised and inspected by a HUD-approved appraiser. This is to ensure that the property meets HUDS’s minimum property standards.

WHAT IS AN APPRAISAL?

Only an expert can assesses or determine the value of your home. You get an appraisal to determine the value of your home in today’s market. The appraiser usual has a check list of HUDs requirements for FHA.

Things You Should Know About FHA Home Appraisals

  • HAND RAILS – handrails should be installed along open staircases, and in accordance with FHA/HUD requirements.
  • RAILINGS – has to be installed around, decks, patios, porches and balconies.
  • PAINT – all interior and exterior paint should be in good condition. There should be no distressed paint eg. peeling paint.
  • WINDOWS – all windows should be fully operational and not broken. If it is, it has to be replaced.
  • DOORS – doors should be functional and hanging properly.
  • ROOF – If the roof has leaks it must be repaired or replaced.
  • UTILITIES -utilities must be on and functional at the time of the inspection.

These are just some of the things that will be addressed with an FHA Appraiser. To get more information visit FHA APPRAISAL

If you are looking for more information on selling or buying a home please call/text 727-422-9340 or email: arona.mcginley@gmail.com or fill out the contact form.

What Home Inspectors Look For?

Posted on by Arona A.
florida home inspection

Why should you get a home inspection done on the property you are purchasing?

You should always hire a professional home inspector. Buying a home is one of the biggest financial investment you will have. Your house may look beautiful, in the most desirable location and exactly what you are looking for, but you have no clue as to the structural elements of the home. Like the saying goes, “don’t judge a book by it’s cover”.

So let talk about home inspection. You as a home owner want to know what would need to be repaired now, or in the near future. By having this information it allows you to make an informed decision when purchasing and negotiating with the seller.

Your professional home inspector will look at the structural elements such as foundation, roof, grounds, exterior surfaces, plumbing, attic, electrical system, appliances, heating and cooling system, and garage space. Once the inspector checks everything he will then put together a report. This can be as much as 30 pages long or more. This report will tell you exactly what was found.

This is where you decide if you are willing to do home projects which may be in your future. If not, then your may want to negotiate with the seller for credit where you can fix the things that need fixing after closing or have the seller do the fixing before the closing. Either way, the ball is in your court. Need more information on home inspections CONTACT US.