Can a potential home buyer perform needed repairs required by FHA guidelines following a home inspection or?
Big, I’ll set the stage for my answer and assume that you are the buyer of a home with FHA financing who is trying to purchase a home bring purchased FHA and needs repairs. The home inspection company doesn’t determine the repairs needed in order to finance the home, an appraiser representing FHA does. The FHA appraiser may include things in their report that indicate certain needed repairs to make the home habitable which FHA requires the seller to repair. The appraiser will not generally call out cosmetic things. These repairs will have to be performed by licensed and bonded contractors. Another option to purchase a home is the FHA 203 k loan where your repairs are performed again by licensed and bonded contractors and rolled into your financing.
