In Michael's response back on June 27th he mentioned that your pricing is 85% more than what you paid for the property four months ago. A note of caution: visit hud.gov, search "flipping". Should a buyer want an FHA mortgage on this property, there are special conditions which need to be met. FHA may require two appraisals, and the buyer may not pay for the second one . You also may be required to provide invoices for materials and/or work done to substantiate your pricing.
Best regards,
Nan Gerike
Sr Sales Executive
Reece & Nichols Realtors
ABR, GRI, WHS
913-522-6530 - Mon Jul 28 2008, 15:53