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Updated about 7 years ago on . Most recent reply

Gustavo Panosso's profile image
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Gustavo Panosso
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  • from Debary, Florida
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Gustavo Panosso's profile image
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Gustavo Panosso
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Gustavo Panosso
  • Investor
  • Debary, FL
7
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Buying & Selling Real Estate

FHA appraisal - house doesn't meet minimum requirements

Gustavo Panosso
  • Investor
  • Debary, FL
Posted

Looking for some guidance -- I'm selling a house that I rehabbed. It has a detached garage and workshop that has some peeling paint. The first FHA inspector/appraiser did not make an issue of it. The second appraiser is now saying that the paint is an issue and needs to be fixed before the buyer can move forward with the loan. They house is build pre-1978. Any thoughts on how to handle this? Is the only solution to scrape and repaint?

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Russell Brazil
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Russell Brazil
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ModeratorReplied

Scrape and repaint. Your agent should have made you aware of FHA guidelines before accepting an FHA offer.

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