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Updated about 7 years ago,
Selling flips, trouble with FHA buyers
It seems all of the buyers for my flips are FHA buyers. This has been frustrating on a few levels. FHA will not loan on a property that has changed hands within 90 days so I cannot move quickly. Also my buyers have needed two appraisals due to the drastic price differences in the home over a short period of time which also delays closing as much as two weeks.
Has anyone else had issues with this and or has advice for me? I am trying to really move quickly in this new year and this seems to be my biggest hurdle. I am located in Oregon and usually rehab and sell entry level homes.
Thank you!