There has been allot of interest in the "Feasibility Analysis" we do and how it is best used. There are several uses that we will provide for you herein:
1) Property isn't listed yet - you want to make an offer and you need to nail down the cost to make the repairs so you can make an educated offer. The feasibility report can accompany your offer so the seller understand that YOU have done your due diligence to determine a "fair" offer.
2) Property has been listed for a long time and needs a good deal of work. The list price is high and out of line with reality. The feasibiloiy will usually bring the seller back to reality and you get the offer accepted.
3) You are a seller that has a property that needs work and it would be nice to see that "quantified" so you can list the property right the first time.
4) you are an asset manager and you want to move more properties. By providing a "feasibility analysis" at the listing with a copy on site for all to see you have just "quantified" the work. This tells the buyer and their agent tht YOU have done your homework and know the cost to cure the issues that surround this property. This way you get the maximum value for your seller.
Remember that the FHA 203k must appraised "after improved" that means as though these repairs have been made and that you can actually go up to 110% of that "after improved" appraised value. Contact us to see if you qualify for a FREE feasibility analysis on one of your properties.
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