Join Us For A 7 Part Series With An FHA 203K Cost Consultant
The 203K Cost Consultant plays a significant part of the 203K and is required on all 203K Standard loans.
In this interview I talk to a Hud Certified Cost Consultant. This 7 part series will cover:
The role of the 203K Cost Consultant | |
Part One:Â What is a 203K Cost Consultant?
Topics discussed:
- The role of the Cost Consultant
- What a home buyer/owner can expect from the Cost Consultant
- The First Inspection and what to expect|
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Part 1 of 7: FHA 203K Cost Consultant Interview
Duration 7:09 minutes |
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Don’t forget to Sign Up for the rest of the series!
Here is an Outline of all the Topics Covered:
Part Two: The First Meeting and What to Expect
Topics discussed:
- Things to consider when buying a home with the 203K
- Selecting Contractors
- Bids and Write-ups
Part Three: Work write-ups and Breakdowns
Topics discussed:
- More about work write-ups in detail
- More about Contractors, tips on how to select one
- Cost Breakdowns in detail
Part Four: Contingency Reserves
Topics discussed:
- Why it’s necessary
- How much is needed
Part Five: Common Mistakes
Topics discussed:
- Avoiding common mistakes
- Preferred order of process
Part Six: Disbursement Process
Topics Discussed:
- Payment of Contractor
- Draws
- Extensions
Part Seven: Consultant Fees
Topics Discussed:
- Improvement budget
- Cost Consultant fees
- Streamline 203K
Don’t forget to Sign Up for the rest of the series!
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