203k Feasibility Analysis by

What is a feasibility analysis and when should it be used?

Buyer - A feasibility analysis has a specific use... it is used to determine quickly what it will cost to renovate the 1-4 unit property to the FHA Minimum Property Standards (MPS) if you are trying to determine an offer amount. The seller wouldn't typically be required to pay for upgrades you might want, just to the MPS. Your offer may be the asking price less the cost to make the repairs in some cases. If the home isn't for sale and you are trying to purchase it this tool will help you determine the amount to offer. We can do a Zestimate by Zillow to determine the typical value in the neighborhood for a home this size and location less the cost to make the repairs to arrive at your offer price.

Seller - On the other hand maybe you are the seller and want to maximize the amount of money you can sell the property for... you order a feasibility analysis and suggest upgrades that will maximize the appraised value. Then you back into a sales price by taking the "after improved" value less the cost to make all the repairs to arrive at a potential sales price while knowing your 203k buyer can go to 110% of the "after improved" appraised value.

To order your "Feasibility Analysis" just follow this link

to get your Z-estimate use the box below

Home Value Estimate