Does FHA require appliances to be replaced

Does FHA require appliances to be replaced

Does FHA require a missing range/oven to be replaced?

 

FHA does not require a range, or other appliances.  However the appraiser should determine functionality and if not working or absent, should consider, account for and analyze the effect on value non-working or absent appliances has on the marketability.

 

Additionally, if appliances are removed from the property due to vandalism prior to the acceptance of a sales contract, they are not required to be replaced but if the appliances are damaged or removed due to vandalism after acceptance of the sales contract, they will be required to be replaced or repaired.


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Phone: 480-980-9025
Dated: April 3rd 2012
Views: 3,145
About JP: JP Piccinini is CEO and Founder of JP and Associates REALTORS (JPAR), Founder and CEO ofOdasi Real E...

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