Are you listing a fixer upper on the MLS that needs some TLC? Have you had a deal fall through repeatedly because of the buyer’s home inspection finding “Deal Killers?” Is this property listing low enough that the after rehab value would still appraise with local comps?
If you answered yes to at least two of these questions, then you have a 203k consultant eligible property. The short of it is a 203k is a loan that includes both the rehab and the cost of the home in the mortgage. Why is a Home Inspection company asking you if you have a listing? Good question, we want to list your property on our website.
That’s right, a Home Inspection firm asking to post listings? Why? Simple, we are FHA approved to help clients through the 203k process as a 203k consultant. We also have buyers coming to our website without MLOs and Realtors looking for listings. To be “full service,” we’d like to place listings on our website and also provide bi-weekly updates to our real estate investors/buyers to become their 203k consultant.
You might be saying, “That’s not typical of a Home Inspector,” but as Engineers, we aren’t your typical Home Inspection firm. In 2016, we want to inspect 350 homes and be 203k Consultants for 50 properties. We are asking for your help to make that happen. Thank you and here’s to a profitable New Years for us both. Please contact me directly if you have eligible 203k consultant listings.