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If only I knew then what I know now! Jim Dvorovy Canton Ohio Real Estate
I was fortunate to be able to do something recently that I wish I could have done years ago! I tagged along during an FHA appraisal. I had approached our mortgage loan originator and mentioned that I sure would like to actually be present during an FHA appraisal and learn just exactly what the appraiser is really looking for during the property inspection part of the appraisal process. Within days she had hooked me up with an appraiser that agreed to allow me to tag along on his next upcoming property inspection that required an FHA appraisal.
With the tremendous rise in the number of FHA loan packages now being approved for buyers, it has become more critical than ever to gain a better understanding about the FHA loan appraisal process. Whether we are working with a buyer or a seller, it sure is nice to have an understanding of why a property will (or will not) qualify for an FHA loan, and what amount of repairs would need to be completed in order to allow it to qualify.
Up until the time I actually got to experience the process, lots of confusion kept swirling around in my mind due to all the war stories ... more
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