The fastest way to closing a renovation loan is with a professional "Team" of experts to back you up. Think of us as               

203k Team Seattle office (360) 461-9445

toll-free (877) 207-6565

Greater Seattle, Washington                                                                                           

 

Services

Consulting services is our forte. We feel it is extremely important for the borrower to know what their project cost will be prior to getting their contractor bids. This way they have an expectation of the result prior to seeing the results. Order a consultation here

if you want to pay online click here This is set up to take your fee in $100 increments. When you find out what your fee will be based on the construction budget you can pay the approriate number of units to achieve your fee. A $600 fee would merely require you to insert 6 units @ $100, then check out. We appreciate your business.

Feasibility Reports for a seller

Service Description

Seller
- If a seller wants the highest possible amount for their property and they
understand it needs work this product is a must. We provide a limited
report that identifies the items that are health and safety or of necessity
under the HUD/FHA Minimum Property Standards (MPS). This is all the
seller is interested. What repairs are needed to bring my property to the
MPS to get it sold.
- If the seller is a bank or lending institution we also provide an estimate
of the cost for repairs that most potential buyers might do such as
update the kitchen or bathroom(s) where they were adequate for MPS.
This gives the potential buyer info they need to make a decision now.
$350

Feasibility for a buyer

Service Description

Buyer
- If a buyer is about to place an offer on a property that requires repairs they must have a clear idea of the cost to make the repairs. If the property is being sold for $250,000 and needs $150,000 in repair it must appraise at $400,000 or it doesn’t make any sense to buy it. If the value after improvements to MPS is only $350,000 then the home is only
worth $200,000 “as is”. Knowing that number for the repairs is part of your due diligence prior to purchase of a fixer.

- On the other hand, the buyer may also want to know the cost of the  additional repairs they may want to add to the mix. In that case a  Feasibility Analysis from The Mike Young Team will also provide a quick  estimate of those repairs as well. So you actually get two estimates, one  for MPS which is used to help you with your offer and, the second one
with your additional improvements that make this YOUR HOME.

$350