Posts from — October 2012

FHA Appraisal Inspection and Honesty in a R.E. Transaction

Honesty in a Real Estate Transaction            

I recently did a FHA Appraisal in Long Beach. I found a few things wrong. When I looked under the house, I saw jacks support the floor. This would defiantly affect the livability and Structural Soundness of the house.

The most interesting part was that the seller was hoping I would not see this. Also the MLS listing made no mention of the home needing repairs. 

This makes question the honesty of the seller and the agent. What about disclosure? Had this sold and the agent never mentions this, then the new owner found out, the agent could be sued. The most important part was if the Agent and Seller had hired me to a do a PRE-FHA Appraisal Inspection, I would have told them everything that needed to be addressed before the appraiser comes out. This would have saved a transaction. The seller would be happy and the agent would be happy.

If you would like to know more about a Pre-FHA Appraisal Inspection, please call me at 562-673-1138

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October 10, 2012   No Comments