Should This Home Pass An FHA Appraisal As C3?

[EdinBama]

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.

I did, and as of now they will be providing repair credit at closing. However, the roof decking damage is within 3 feet of the scuttle to the attic and cannot be missed. There is no way he shouldn't have noted it at least.

 

[Joe Flacco]

I did, and as of now they will be providing repair credit at closing. However, the roof decking damage is within 3 feet of the scuttle to the attic and cannot be missed. There is no way he shouldn't have noted it at least.

That's good. I don't do FHA so you probably know better than me. I don't go in the attic unless there are stairs.

 

[Joe Flacco]

It seems as though many FHA appraisers do not stick their head and shoulders in the attic and look around as required but use a selfie stick to get a photo of the attic. Probably how you miss damage 3 feet above the scuttle.

 

[Terrel L. Shields]

Ugh...me no want problems...I'd walk.

 

[miktay]

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.

Totally agree. I think they crossed that appraiser / inspector line last year with their new expectations of FHA appraisers. That's when I jumped ship.

 

[KHS445]

Where did the water go? In looking at the damage to the roof sheeting the water had to go somewhere. Is there ceiling damage in the area below the stack? If so was it concealed by the seller?

 

[KHS445]

Just took a closer look near where the stack goes thru the roof and along the truss to the right and wondering if the discoloration (white) might be mold or mildew.

 

[EdinBama]

Where did the water go? In looking at the damage to the roof sheeting the water had to go somewhere. Is there ceiling damage in the area below the stack? If so was it concealed by the seller?

There is no water damage showing through, and the ceiling is smooth drywall. As for the white, it is mildew best I can tell. The water appears to be minimal leakage over time, and the insulation looks like it is compressed directly below, leading me to believe the water generally gets absorbed in small amounts and dries out. The seller was clueless, and as a mortgage broker he felt that he shouldn't have to repair anything a "certified FHA appraiser" didn't note on his appraisal. I convinced him otherwise and he is providing repair credit at close.

I am disappointed that the appraiser didn't note anything and rated it so well. I will see if I can drop the inspection report and appraisal in a drop box if anyone is interested in seeing and reading for evaluation. I really just want to feel somewhat vindicated by professionals that I am not crazy in assuming this is a subpar appraisal. I have no issue with the valuation.

 

[TRESinc]

There is no water damage showing through, and the ceiling is smooth drywall. As for the white, it is mildew best I can tell. The water appears to be minimal leakage over time, and the insulation looks like it is compressed directly below, leading me to believe the water generally gets absorbed in small amounts and dries out. The seller was clueless, and as a mortgage broker he felt that he shouldn't have to repair anything a "certified FHA appraiser" didn't note on his appraisal. I convinced him otherwise and he is providing repair credit at close.

I am disappointed that the appraiser didn't note anything and rated it so well. I will see if I can drop the inspection report and appraisal in a drop box if anyone is interested in seeing and reading for evaluation. I really just want to feel somewhat vindicated by professionals that I am not crazy in assuming this is a subpar appraisal. I have no issue with the valuation.

as others have said an FHA appraisal is not the same thing as a home inspection, so they are not interchangeable nor should they be. since your seller agreed to provide a credit at closing for the repairs that should suffice and it won't cost you anything out of pocket.

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.

if you are given the funds to pay for the repairs why would you not have them done prior to moving in? what is the point in waiting until you resell the property to complete the repairs you will/have been funded for? the longer you wait the great potential for increased problems.

 

[EdinBama]

as others have said an FHA appraisal is not the same thing as a home inspection, so they are not interchangeable nor should they be. since your seller agreed to provide a credit at closing for the repairs that should suffice and it won't cost you anything out of pocket.



if you are given the funds to pay for the repairs why would you not have them done prior to moving in? what is the point in waiting until you resell the property to complete the repairs you will/have been funded for? the longer you wait the great potential for increased problems.

Well, quite honestly because the funds being given are only to cover the majors that MUST be completed to assure the roof stops leaking. And the photos you have seen are only a small sample from the inspection. And last and most importantly, because the appraisal and the inspection do not line up in my estimation. Thus the reason I posed it as a question, does this home truly meet a C3 standard?