As I was sitting here, I started thinking about the many clients who would buy the

home I showed them, except that it was missing something or needing updates. So often,

I have heard, "it's missing a bedroom or bath that we want,"  "the kitchen needs

remodeling and I don't have the money to do that," or "it's perfect, but I really want

a pool." 

While the home may not be the ideal that can be changed by considering the "renovation

loan."   The steps are simple.  First we determine if the program will work for a

particular home and in most cases it probably will and we get you preapproved as a

Priority Buyer with Wells Fargo.   Next, we can execute an offer to purchase

containing the appropriate renovation verbiage.  The inspection process then begins

and you select a contractor who will complete the contractor's packet.  The scope of

the work is reviewed and accepted by all parties. The appraiser will inspect the

property and determine the "after improved value."  Once final loan approval is issued

and you obtain homeowner's insurance, we move to closing. Renovation must begin within

30 days of closing and must be completed within a designated time fram.  As the work

is completed, inspections are made by the lender's inspector and funds are disbursed

for said renovations.  

Our lenders have a very nice packet to guide you through the process....so don't let

the work "IDEAL" get in  your way when looking for your home.  You have the power to

make it IDEAL.

Call us today to start looking for your home and we can partner you up with

"Wilmington's #1 Experts" and our partners at Wells Fargo.

 

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Dickandsandy Rainmaker_large

Dick & Sandy Beals

Wilmington, NC

More about me…

Wilmington Real Estate 4U Wilmington, NC

Address: 5041 New Centre Drive, Suite 108, Wilmington, NC, 28403

Office Phone: (910) 791-5775

Cell Phone: (910) 352-2000

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