Signed the first of what I think is the beginning of a long
line of FHA purchases (happened to be a 203K) as the market swings back to more purchases. Took 1 1/2 hours with the scared buyers wanting to read everything including the escrow instructions (finally got them to concentrate on the important stuff). In the future when I learn it is a purchase I am going to price it up to include more time and a bigger file (140 pages per set). It's worth another $25 to $35 - but I doubt I can get that much in my market. Any thoughts?
Reply by Bear900/CA on 5/10/13 12:25am Msg #469537
Re: FHA 203k purchases
Ask up front if it's a 203k. Should be less frequent then the 203b standard FHA. Quote your higher price, explain it's more cost in time and materials, and stick to it.
