We see this in our market most frequently with bank owned properties, where previous owners have stripped out the appliances when they vacated. Who the bank is that owns the property will determine how they will sell it. As a buyer, you will have several steps where you have to make decisions about how to strategize these issues, in order to have your offer considered at all. If you are not competing, meaning you are the only offer the seller has, you may be able to get more concessions. If there are multiple offers, you will have write in to your offer how the problem will get solved in order to even be considered.
FHA is a great program, but it is rugged when you have to compete, and you want an agent who really understands it. A knowledgable and experienced agent will advise you on these issues on each individual property, and help you get ahead of the issues.
Pacita said it well â€¦
Depends on what you stipulate in the contract
Depends on whether the buyer wants them
GENERALLY, for a kitchen to be considered functional, it must have a working stove...Unless it's an absolute fixer....then it becomes a candidate for an FHA 203K type of loan where the appliances don't need to be there, as the new buyer may want to get them himself.
From my experience with FHA buyers, for the appraisal of a property utilizing FHA financing, the stove needs to be in the kitchen. The appraisal guidelines for FHA purchasing is different than for conventional loans. The appraiser for an FHA loan needs to verify that the homes systems are in working order. This means you have to have heat and a functioning kitchen. The fridge is considered personal property, so this is not required to be in the property.
You can actually look up the appraisal guidelines on HUD's website: http://search.usa.gov/search?affiliate=housingandurbandevelo
Also if you are already working with a lender, they should be able to provide you additional information regarding the appraisal and loan requirements for an FHA purchase.
Hope this helps!
Alain Pinel Realtors