Do it Yourself: Re: [DIY] FHA appraisal

20 March 2012

Re: [DIY] FHA appraisal

Uh........then I would be wondering how much this FHA appraisal is going to cost you? Can you afford to update the wireing to their specifications? as they will certainly find this and prehaps many other problems?

Perhaps it would be good to have FHA inspect your house anyway ....so you know yourself what needs to be up-graded and safe and worth the money even if you don't get the loan.

If you need to work on the house to bring it up to spec.........then maybe you could go after a different type loan that would be more pliable for you?

Many Years ago my husband and I bought a very old house...we gutted it out.....all new sheetrock, plumbing, wireing, siding, roof, ...basically all new inside and out.......then we went to get it re-financed though the VA. Although it was on a septic tank they decided it needed to be else where. They also decided the crawl space was not high enough......so we put in a new septic tank and new drain fields ...then we went under the house and dug out dirt...crawling on our knees and hands and shoveling it in to my little son's red wagon until the crawl space was to their specifications.

----- Original Message -----

From: Michael Baldwin

To: DoIt_Yourself@yahoogroups.com

Sent: Monday, March 05, 2012 1:30 PM

Subject: RE: [DIY] FHA appraisal

Wow, they are picky.

It is a 1912 house, so I do have some concerns about it passing. I think my biggest concern is the wiring. Although it has been updated some, there is still some old wiring, and some knob and tube wiring. luckily most of it is in the basement, and the rest had been taken care of, so it would not take much to replace.

Michael

From: DoIt_Yourself@yahoogroups.com [mailto:DoIt_Yourself@yahoogroups.com] On Behalf Of Edward Hughes
Sent: Monday, March 05, 2012 11:56
To: DoIt_Yourself@yahoogroups.com
Subject: RE: [DIY] FHA appraisal

I know when I bought my house through FHA they got the sellers on The breaker box only being a 60amp, the emergency relief valve pipe on the hot water heater being too far off the floor. There was one other thing, but I don't remember exactly what it was, that was 17 years ago.

From: DoIt_Yourself@yahoogroups.com [mailto:DoIt_Yourself@yahoogroups.com] On Behalf Of Michael Baldwin
Sent: Monday, March 05, 2012 12:27 PM
To: DoIt_Yourself@yahoogroups.com
Subject: [DIY] FHA appraisal

hi,

We are having our house appraised to use the equity in our house to pay off other debt. Does anyone have tips for what an FHA appraiser will be looking out for, and how to get through it? I have heard they can be pretty picky. he said he has to be able to look in every corner and test everything to make sure it works, and there can be no pealing paint.

So if you can give me a better idea of exactly what they will look for, so I can make sure the house is prepared, I would much appreciate it.

thanks,

Michael