Before Your Buyer Says "No"...
Realtors: Could the house your buyer just rejected actually be an opportunity?
Sometimes buyers love the neighborhood, lot or floor planβbut can't get past an outdated kitchen, old bathrooms, worn flooring or needed repairs.
That's where renovation financing may be worth discussing.
Depending on the program, qualified buyers may be able to purchase the property and finance eligible renovations with one mortgage.
That may help buyers consider homes they otherwise would have eliminated from their search.
And the options go beyond major fixer-uppers. Eligible improvements can potentially range from kitchens, bathrooms, roofing and HVAC to structural work, additions, garages, ADUs and more, depending on the program.
A knowledgeable Realtor can help the buyer determine whether the property and proposed improvements make sense.
Then I can help determine whether renovation financing may make the numbers work.
Sometimes the right home isn't the one that's already finished.
It's the one with the potential to become the right home.
Robert Clark
Home Loan Consultant
Firestone Financial Group
209-227-7745
rbrtclark53@gmail.com
robertclarkloans.com
NMLS #357788 | Firestone Financial Group NMLS #301522
Advertising Disclosure: This information is for educational purposes only and is not a commitment to lend. Loan programs, guidelines, eligible improvements, credit requirements, property requirements, rates, fees and terms are subject to change. All loans are subject to borrower qualification, credit and property approval, and applicable program guidelines.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.