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  #1  
Old 06-02-2010, 11:13 AM
Lobo Fan's Avatar
Lobo Fan Lobo Fan is offline
 
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Default Geodesic Domes - FHA

I have my first FHA dome in the line up. I have been researching the comp requirementd and can find nothing useful. I did find something that said that FHA does not finance domes unless a market can be established. My subject is semi-rural. The most recent comp is from 10/08 and two more from 2006. I don't know if this is enough to establish a market.

Has anyone had any experience with this.

Last edited by Lobo Fan : 06-02-2010 at 11:30 AM.
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Old 06-02-2010, 11:20 AM
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You can't use your best comps as comps 1, 2 and 3 because FHA has that 12 month old comp requirement.

You might be able to use recent rural sales of odd homes (MH's, cabins, A-frames) as comps 1, 2 and 3 and then put your older dome sales in the 4, 5 and 6 slots.
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  #3  
Old 06-02-2010, 11:32 AM
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Thanks Greg. I called the Denver HOC and they were all scratching their heads too. They said they would research it and call me back within 48 hours.
  #4  
Old 06-02-2010, 11:42 AM
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There's not a fee large enough for the coming headache of that one...
  #5  
Old 06-02-2010, 11:53 AM
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I charge $1,000.

The hardest part is measuring the GD things.
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  #6  
Old 06-02-2010, 11:59 AM
Denis DeSaix Denis DeSaix is offline
 
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Quote:
Originally Posted by Greg Boyd View Post
The hardest part is measuring the GD things.

Here's an easy way....

http://www.efunda.com/math/areas/pol...scribedgen.cfm

  #7  
Old 06-02-2010, 12:06 PM
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  #8  
Old 06-02-2010, 12:34 PM
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This has been my week for oddly shaped houses. I lost one yesterday with RELS because I requested a fee increase. It was 5500 SF and there was not a 90 degree corner on the thing. Arcs, angle changes, yuck. It would take hours just to get the sketch right. Plus is sold for $1,000,000 on 12/31/09, which is in the very upper end of the market.

I looked at that link. I am going to have to get my daughter to help with that one. She is taking calculus in college.
  #9  
Old 06-02-2010, 01:23 PM
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I've never done a dome house for the FHA.
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  #10  
Old 06-02-2010, 01:38 PM
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Quote:
I've never done a dome house for the FHA
part 2 - I am never going to do another...

I recall wasting 2 days to satisfy UWs and that was back in the mid-90s. It has to be worse now.
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