It seems that is our "buyers market" the AS IS property is becoming tougher and tougher to sell.
Many buyers and even some agents are unaware of the FHA203K mortgage. This mortgage (when one qualifies) allows remodel costs to be added into the loan. One loan. One closing.
It's a terrific opportunity both for the seller who needs to sell and cannot "fix up" his "fixer upper) before a sale and for the buyer who is able to make an offer he can afford while still having the cash to set the home "aright."
Have you or your clients been successful loing for and using a FHA203K loan? Love to hear about the experiences.
Perfect example of a home that would be amazing again with a fix up, yet this buyer in this price point HERE (as all real estate is relative in value to location) rarely can afford to lay out remodel cash.