When the Real Estate Market is HOT
You've Got To Change Your Strategy

 

It's easy to fall in love with a home that has been perfectly staged, the lights are bright, walls have been removed to open up rooms.  You probably feel like you needed to RSVP to the open house.  The home wasn't even on the market long, and just like that, it's gone.

Well, guess what?  You can do it too!  Many buyers only look at move-in ready, or turnkey homes, because they may not have the out of pocket cash after closing for repairs and improvements.  With the FHA 203k loan, you have options.

Here are some of the things that you can do with an FHA 203k (rehab) loan:

• improve or replace kitchen cabinets
• add wood flooring, carpeting
• add additions to the home such as a deck or sunroom
• replace gutters, downspouts
• upgrade to energy efficient appliances and systems
• replace windows
• major landscaping
• make handicap accessibility changes

Also, up to six months of mortgage payments can be financed if the home is not habitable.  If you're ready to change your strategy in your home search, find out if you qualify for an FHA 203k mortgage loan.  Give me a call today at 703-623-8759 and let me show you how I have helped buyers overcome the trials of a competitive market with this tool.

Below is a list of fixer-upper homes that are currently on the market.  Take a look and see what possible: