Concerned about FHA Appraisal (state, repairs, seller, vinyl)
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So what happens if it doesn't happen before the closing date; I suppose you'd extend it? Because our house has, for all intents and purposes, been taken off the active market while we wait... And wait... And wait...
There were definitely Sears (and other) house kits as early as the 20s, and perfectly nice houses they were, too, but this was custom-designed by the attorney owner/builder as opposed to those. Could be one of the first "home offices," as he actually used it as a home office -- before it was a tax write-off.
I did in fact say Sears kit houses were around in the 20's. You even quoted me!
I'll try asking again: anyone have any idea on the timeline with these things? I'm still waiting, waiting, waiting...
Am not going to start packing up to move until it's over and we've hashed out the subsequent negotiations, but our closing date gets closer every day...
Read your contract!!! There are a variety of dates listed in it. We can't tell you what the dates are.
The appraisal typically is not done very early in the process. They wait for the termite and structural inspections to be completed usually first. No point in doing an appraisal on a house that has a horrible inspection report. The buyer's have absolutely no control over when a bank does anything.
The house itself does not have serious problems; it has a seriously bad neighbor on a shared driveway.
And, yes, it'd probably make sense to make the repairs rather than auction. It's just that the co-owner isn't willing to, so that'll be coming out my pocket, and that is unfair. But oh well! Whatever it takes...
Any idea how long it typically takes after the contract is signed to get the bank-ordered FHA appraisal?
It's Wells-Fargo, if that helps.
If the house is really as nice as you claim, there shouldn't be 20K worth of repairs.
So what happens if it doesn't happen before the closing date; I suppose you'd extend it? Because our house has, for all intents and purposes, been taken off the active market while we wait... And wait... And wait...
because buyers were lined up like cordwood when THIS Buyer jumped forward...
every dollar you get above $1 is found money.
spend what it takes, write off your sibling, and move on with your life.
Another way to get top dollar for a home is to offer seller financing... no appraisal needed or repairs.
There was an old guy that started doing this... he would buy non conforming homes and carry the note... often structured as a 30 year due in 3 or 5 years... sometimes interest only.
People with no chance of qualifying conventionally now had an option...
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