Realtors, how would you like to sell every house you sell?
I have told Real Estate Pros for over twenty years that the FHA 203k product should be in everyone's suitcase to be used as needed... BUT WAIT! I've also stated that every home sale should be an FHA 203k or other renovation type loan. They are available up to $3,000,000 loan amount that incudes purchase and renovation.
Now back to the topic, you get a client and take them out to look at a few houses... inventory is low so you don't find anything that fits their needs exactly. Get back to your office and ask the buyers to review each house they saw today... make a list of the things they liked about each one and then what they didn't like about each one.
Now take those lists and see which one has the least amount of changes they would like, explain to them that there is a loan that offers renovation, updating, additions, etc, and that would be the basis of your renovation sale. We can make those changes and hou make that sale right now. Remember that all of these renovation loans closes, you get paid, then the work is started. Your consultant will stay with the project till completion.
In a few years when they are ready to sell and move on, you will likely be listing a larger home in better shape than what you sold them.
To learn more about the FHA 203k loan program go to www.203kOnLine.com. To contact us for a consultation please go to www.my203kconsultant.com and "order a consultation". If you like what you see here please take a look at Another blog by Mike Young in Spanish and other languages.
Mike is waiting for your call 775-413-0451
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