Video Transcript:
Many think an appraisal just confirms a home's price for the money lender. But one type is actually a strict safety inspection that can stop a deal. My name is David Ghazaryan, and I handle these two different systems every day. The first one cares only about value, while the second cares about safety. The FHA loan has very strict safety rules. Peeling paint is a major problem, and the roof must have two years of life left. (Data may vary over time) This is why sellers often prefer other buyers over you. They see the FHA loan as a big risk for surprise repairs they must fix to sell. A low FHA value sticks to the house for six months. This means the next FHA buyer is stuck with that same low price, which hurts sellers. This structural knowledge is key to winning the right home. For more analysis, follow my platforms and see the article linked here in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/fha-vs-conventional-appraisal-in-tampa-which-is-stricter
