Resolve Home Inspection Issues with a 203(k) Renovation Loan

By Robbie Mahallati

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02.14.2023

Are you losing deals after you get the Home Inspection report?  Do you nervously await the home inspection because you know if something bad shows up, you could lose the deal?  Are you holding your breath and losing sleep over home inspection issues?  We know how you feel; we have lost plenty of deals because of the dreaded home inspection.

We have a solution for you.  Why not offer your buyers the opportunity to stop worrying about the home inspection report and what it will reveal.   Suggest using a 203(k) Renovation Loan to correct any and all issues found.  We have an Affiliate Real Estate Program, specifically for Real Estate Agents in the Philadelphia area, which will help solve the home inspection problem.

In this article we will tell you how to never lose a deal because of home inspection issues again!

Home Inspection Issues

How Home Inspection Issues Lose You Deals

Most Real Estate Agents dread the Home Inspection.  This is the time your buyers will learn exactly what issues they are facing if they purchase the property. Are there leaky pipes, an old, outdated heating and cooling system, does the roof need to be replaced, are there electrical issues, and so on and so on…   And on top of that, you will spend a lot of time negotiating back and forth with the seller to try and resolve those issues.  It can be time consuming, frustrating, and ultimately lead to your deal falling apart.

 

 

Suddenly your buyer is having second thoughts and is not sure if they want to buy the place.  After all your hard work, is this deal going nowhere?  

Keep reading if you would like to solve your Home Inspection problems.

Solve Your Home Inspection Issues

No more worrying about the dreaded home inspection; you now have an available solution. By offering your buyers the ability to make the needed repairs to their new house using a 203(k) renovation loan you will save many deals.  A 203(k) loan allows your buyer to not only buy that perfect house but have all the renovation work done by a Renovation Contractor and do it using just one loan. Plus these loans are insured by the FHA. How exciting is that?  

 

So now you can await those home inspection reports knowing the results will not stop your buyers from making the purchase.  According to Mymortgageinsider.com (July 25, 2022), the buyer can borrow up to “110% of the expected market value once all work is complete, less the 3.5% down payment”.  This solves the problem of them not having the cash to fix the problems found during the home inspection. Suddenly, you have buyers envisioning their perfect home. They see all the possibilities of the renovation and you now have a solid deal that will go to settlement.  Want to find out more?  Keep reading….

 

after renovation

Affiliate Real Estate Agent Program

 

Let’s solve the dreaded home inspection problem together. Put yourself in a position to never lose a deal because of a home inspection report again.  We will partner with you.  We are Matrix Company Solutions Corp. and have over 25 years of experience with 203(k) loan construction.  We are currently offering an exciting program to all Real Estate Agents looking to not only grow their business but to those who want to give their buyers the option to repair and customize their new house.  At this time we are looking to partner with Real Estate Agents in the Philadelphia area.  There are many advantages to partnering with us on your 203(k) deals.  Click here to check out what we will do for you and your buyer.  And the best part of partnering with us: we are Philadelphia’s Number One Reno Contractor!

So what does all this mean?  First you will have many more deals going to settlement; meaning you will be making more money.  But just as important is getting your buyers super excited knowing they can buy their dream home and it will be repaired and customized to their liking.  Before the home inspection is even ordered, you can let your buyers know that a 203(k) Reno Loan Contractor will review the home inspection report, evaluate the problems, and let them know how they can be fixed. This makes you a Rock Star Agent.

So what are you waiting for?  Click here for all the details or to sign up using our online form.  Rather speak with an Account Executive, call us at 215-501-7566.

 

Author

  • Robbie Mahallati

    Robbie Mahallati is a HUD-approved FHA 203(k) Consultant who has been helping homeowners with their home renovation projects for over 25 years. He can help guide anyone buying and renovating a house through the complicated 203(k) process. His ultimate goal is to help you understand the 203(k) process so you can renovate your house making it into the home of your dreams!

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