Home Buying in Union>Question Details

will, Home Buyer in 07201

I am looking for a contractor that can renovate/remodel a property.I am a first time homebuyer and will be buying a property in decent condition and

Asked by will, 07201 Mon Feb 10, 2014

have it renovated/remodeled. Would like the contractor to be able to see the property and give me a estimate before I make offer on property.

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Answers

4
Gerald gave you a great answer below. And I believe you need to understand how you plan on financing the home before you pick a contractor. I have seen over the years of originating loans that some contractors want funds up front. On a 203k they do not receive funds until an inspection of work is performed and they receive a draw for that work. this helps protect you as the borrower.

If you plan on financing we can help you as well with a contractor who is familiar with this financing. Feel free to reach out to me. Best of luck. Our 203k flyer is below.


Joseph S. Cordova
> Partner
> NMLS 146855
> Marlton, NJ 08053
> 856-985-9944 ext. 103 Tel
> 856-304-2381 Cell
> jcordova@eveshammortgage.com
> http://www.joecordova.com
1 vote Thank Flag Link Tue Feb 11, 2014
Thanks Joseph for you comment!
Flag Tue Feb 11, 2014
check this out! :)

all your FHA 203k answers....


http://www.203kworld.com

I would be DELIGHTED to assist. ;)

brent
Web Reference: http://www.203kworld.com
0 votes Thank Flag Link Tue Feb 11, 2014
The REALTOR you used will have several contractors that have a proven track record of quality workmanship and these contractors can be held accountable. Your Realtor should be your first resource.
0 votes Thank Flag Link Tue Feb 11, 2014
Do not know what area you are considering, but I can definitely make recommendations. Reach out for me @ gsantoro@bankingunusual.com and let me know where and I will put you in touch with a reputable contractor for the area you are considering.
Also, if you are exploring your financing options, I would be happy to review your specifics with you and let you know what options I can offer, including FHA 203K renovation loan,
I have a great FHA consultant I can put you in touch with, to help evaluate your plans if that is what you are considering.
0 votes Thank Flag Link Mon Feb 10, 2014
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