Why these overlooked homes may deserve another look...


   M
ost buyers watch the newest listings first. That makes sense—but it may also cause them to overlook homes with longer days on market, commonly called DOM.

A high-DOM home is not automatically a bad home. Sometimes it signals a problem. Other times, it may represent an opportunity that deserves another look.

What could a high-DOM home offer a buyer?

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A Smarter Way to Buy a Home That Needs Work

This may be the FHA option you’ve been looking for.

Not every great home is move-in ready. The FHA 203(k) renovation-loan programs may allow qualified buyers to combine the purchase of a home and eligible improvements into one loan.

I broke down how the program works, what types of improvements may qualify, and the difference between the Limited and Standard FHA 203(k).

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