Keys & Home Real Estate
Marco Peña

Property Search

Use our Property Search page to view properties for sale in the local area. Easily view listings in your favorite neighborhoods.

Search

Featured Properties

View my Featured Properties in the local area. See the latest listings on the market. Schedule time for a showing.

View

What's Your Home Worth?

Are you thinking of selling your home? Get a free evaluation and market analysis of your home with absolutely no obligation.

Get Valuation
VA and FHA Appraisals


Home appraisal inspections on FHA and VA loans are a little more detailed than on conventional loans (and more expensive). The appraisers are required to perform certain minimum inspections as well as evaluate the market value of the property. Although these inspections are not as detailed as a professional home inspection and should not be considered a substitute, sometimes repairs are required.

These are additional costs the seller would not be obligated to pay for someone obtaining conventional financing, so your offer should include a maximum figure for these repairs. Otherwise the seller is signing the equivalent of a blank check, and they do not want to do that.

At the same time, whatever figure you put in will most likely affect the seller’s willingness to negotiate on price. If you put $500 as an estimate, the seller may be $500 less negotiable on their price. If no repairs are required, you may have been able to get the house for $500 less than what you and the seller agreed on as the price. The solution is to add a clause to your offer that goes something like this. "If required repairs cost less than the maximum amount allowed, the excess will be credited toward buyer’s closing costs."

Want to Know How Much Your Home is Worth?

Get Your FREE Home Market Analysis Report Right Now!

YES, SHOW ME NOW
hIT webCounter
Hit Counter Code