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Tammy Hughes
10 months ago
The home is an older home but appears to be a solid house with new heating and air systems. It does need to cosmetic work on the inside but nothing major that I can see, mainly paint and new flooring. The asking price is $43,00.00.
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Best Expert Answer
Joe Wallace
10 months ago
The home would be required to pass an FHA appraisal, which it should be stressed is NOT a home inspection-borrowers should pay for the separate home inspection as the FHA cannot guarantee the home is defect free even if it passes the appraisal. Passing the appraisal depends on a variety of factors including whether the property meets state/local building code. Not being able to operate the appliances may or may not be an issue depending on state law and building code requirements.
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