FHA vs Conventional

[Shannon Turner]

Why would a seller prefer Conventional over FHA... with FHA can you waive contingency in hopes to secure a deal

[Evan Polaski]

@Shannon Turner, as a rehabber/flipper I avoid FHA due to two appraisals, which doubles the likelihood one will come back low. Other big reason, perception financial fortitude of the buyer. If appraisal comes back low, a conventional buyer could either come up with shortfall or go with a higher loan amount and lower downpayment. If something comes up in inspection, there is more negotiation room to have the buyer cover some of the costs.