Should This Home Pass An FHA Appraisal As C3?

[EdinBama]

Hello,
We have recently had a potential home inspected where the buyer is not keen on doing any repairs, unless the FHA appraisal called them out. We agreed and allowed the FHA appraiser do his thing. The appraiser rated the home c3 with no notables or defects. The uploaded pictures are from our inspectors report, and I just want to know if these items are truly acceptable to FHA's MPR. I have owned and sold 4 homes, 3 to FHA buyers and ALWAYS had to fix something. Last time it was a cracked piece of plastic trim on a French door.

 

[JTip]

The appraiser rated the home c3

Hahahah.....C3.....puhlease......

Read the definition of C3, both paragraphs.....here, I'll slap it in here for you:

The improvements are well-maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not every major building component, may be updated or recently rehabilitated. The structure has been well-maintained.


Note: The improvement is in its first-cycle of replacing short-lived building components (appliances, floor coverings, HVAC, etc.) and is being well– maintained. Its estimated effective age is less than its actual age. It also may reflect a property in which the majority of short-lived building components have been replaced but not to the level of a complete renovation.

 

[EdinBama]

Hahahah.....C3.....puhlease......

Read the definition of C3, both paragraphs.....here, I'll slap it in here for you:

I have read the definitions, requirements, MPR & MPS and was slack jawed when the appraisal came back with NOTHING and property categorized as C3. However, as I understand it I really have no recourse since the appraiser said the house "meets conditions per HUD 4000.1". We want the home, but I know if I don't repair all the items he didn't note I will have to do it when I sell the home down the road. Highly unlikely I will get such a lax appraiser too.

 

[A K]

What you need to do is tell the seller what home inspection items you want repaired before the home inspection contingency expires. Appraisal inspection FHA or not is not the same thing as a home inspection.

 

[A K]

Buyer: I need these home inspection items repaired.
Seller: No.
Buyer: Okay.

Sounds to me like you are not very good at negotiating.

 

[CindyR]

Buyers might wish to see if the regional HOC (Home Ownership Center) might be able to convince the appraiser to more closely analyze the condition of the property.

https://entp.HUD.gov/clas/support.cfm

 

[Elliott]

Is there a reason to call it C3? C4's get mortgages too, don't they?

 

[Deleted member 128537]

I could see an appraiser missing some of this. This is why I think the FHA inspection is a piece of crap. If FHA wants a home inspected they should require the inspection and then given the inspection to the appraiser before they write the report. NEVER think the appraiser is the same as an inspector.

 

[EdinBama]

Buyer: I need these home inspection items repaired.
Seller: No.
Buyer: Okay.

Sounds to me like you are not very good at negotiating.

You would be incorrect sir. But I do have an expectation of what to expect from an FHA appraisal.

 

[EdinBama]

Is there a reason to call it C3? C4's get mortgages too, don't they?

That was my thought. Rated higher than I would have expected, and NO repairs required to meet MPR