Let your clients watch their dream home transform before their eyes in five easy steps using the FHA 203k Rehab Loan…Use the FHA 203k Loan to Sell More Homes
The FHA 203k Rehab Loan allows you, the Real Estate Agent, to offer your clients a way to sell and market their home to potential buyers in a different fashion. It also allows you as the buyer’s agent a way to offer your client some options in the event their complaint is the color of the walls or the carpet.
Everyone has different tastes in decor and what could be better than to offer a buyer a way move into a fully customized home?? Furthermore, with all the foreclosures on the market there may be some items that are required to be repaired prior to moving in. Finally, if you have a seller whose home is in need of repair this is a great program to offer so that the seller isn’t stuck with the cost of the repair.
By simply following these 5 easy steps below you will ensure a smooth transaction…
- Obtain a pre-approval
- Find a home and assess it’s potential
- Determine what work is desired/required
- Close with one payment and a great low FHA rate
- Begin construction (average completion time is 45-90 days) – 180 days are allowed
The FHA 203k loan is so versatile there is no need to limit the scope of the work only to the required repairs. Give your potential buyers a way to sit back, relax, and feel confident in their purchase. This is an investment into their future so don’t miss the chance to take advantage of this great loan program. I’m happy to talk to you or your clients about this great program.
What happens when you have a seller with a home that is in need of repairs? Instead of asking t he seller to perform the repairs themselves just market the home for sale “as is.” This allows the buyer to perfom the repairs and customize the home to their liking. It’s a win, win across the board – the seller is able to sell the home and the buyer can purchase plus finance the costs of the renovations.
Please feel free to give me a call today and let’s talk in more detail how this program can help you sell more homes!