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RenoFi targets homeowners who don’t qualify for HELOCs

Housing Wire

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

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7 Tips: Negotiating Repairs After a Home Inspection

Raleigh Realty

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. A home inspection provides the buyer with a detailed report of the home’s structure, plumbing, electrical, foundation, roof, etc.

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Desktop appraisal option to start in March

Housing Wire

The option is not available for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

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FHA proposes changes to 203(k) program

Housing Wire

There are two versions: the standard, which includes structural repairs and requires an approved consultant, and the limited version, which is focused on minor renovation and repair and does not require a consultant. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375.

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Real estate appraisals: What agents should know

Housing Wire

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. Not necessarily.

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Opinion: Investors play key role in providing affordable housing options

Housing Wire

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. There’s an even more subtle consideration.

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Pros and Cons of Selling Your Home As-Is

Cleveland Appraisal Blog

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. No repairs, no costs.