What does a 203k consultant actually do for the fee?

Home Inspector with 203kOnLine.com, covering the USA S0289

Clients sometimes baffle me with their lack of understanding as to what we do as 203k consultants. The short of it is that we protect the public.

I’ve written about a deal where we wrote up a bid specification and provided our estimate of the cost to make the repairs before. We came in at $159,000 and the client’s contractor came in at $298,000 for the same job… remember? The second bid came in at $161,000.

Yesterday I was talking to a client where we bid one number and her bids obtained from four local contractors who came inbetween $600,000 and as low as $350,000. She was armed with our bid numbers and refused to accept defeat. She added a few more items and her final “educated bid” came in at $250,000 and was so thankful she had our bid in hand before she started looking.

It appears there are contractors who would take advantage of a lady if they thought they could. Who would have guessed that?

We typically save our clients many times our fee, I would suspect that most of the consultants out there do the same. Use your 203k consultant to your advantage, that is what they do.

Posted by

Mike Young, 203k Team Leader    Mike ready for your 203k order

To learn more about the FHA 203k loan program go to www.203kOnLine.comWhat is your fee? 

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