All Forum Posts by: Chris Igard

I bought a HUD home at 83K and the appraisal just came back at 80K. We would have to come to closing now with an additional 3k. This is an owner occupant. Any advice would be greatly appreciated. The house needs some repairs in the area of 6-8 thousand. The plan was to live in it for a year and then rent it out. Thanks

I am on that @Christopher Phillips although it is now 10K for the 203b as of october of last year.  The part that I am not clear on is what qualified repairs can you make under that amount?  Can I pay to have the entire house retexturized? new flooring? insulation?  IF those are all yes answers then who determines it.  Thanks

Can someone tell me why we a real estate agent deserves 3% of my income in 2017?  I do realize that there are some tremendous ones that take care of alot of things.  However, my experience has been that most of them can be "slaps".   I found a home and needed someone to open it up for me, "stamp" that'll be 3%.  I call this place and that place, meet up with this person and that person to make sure everything is going smooth with the house.  He comes by for an occasional cameo appearance.  How hard is it to find a good real estate agent that will negotiate their commission?  If they drive me around all over town and I've looked at dozens of places over a few weekends and I am a pain in the butt through the process of closing I get it. For the educated buyer that can find their own place, they drive through and around the area to make sure it checks out and simply needs someone to open the door that is  terrible to then turn around and charge 3K, 6k, 9k, or 12k when the amount of work hasn't changed at all.  Please correct me if I am wrong.

Does anyone have a good working knowledge of the purpose of this loan is for? I can never get a straight answer from my real estate agent or my loan guy. My understanding is that it will cover up to 10K in repairs. I have been told multiple, but what i've gathered is that the second appraiser makes the determination based on what the house needs to qualify for an FHA loan. Is this true? I ask as I have corrected one of these guys twice now during this process. What is a typical qualifying issue (I.E. AC unit repair, missing stove) versus what someone may want to have completed (drywall repair, new insulation) Thanks

I bought won a GND program but since the home was not in the school district it was declined.  The school is 6 minutes from the home.  I am still working on challenging that as the ruling is locally based by the property management company.  I had a co-worker win won that lived 30 minutes away from her home campus but it was within the school district.  I don't think the management team understands the spirit of its intent.  I'll let you all know how that goes.