The Federal Housing Administration (FHA) is a valuable tool for homebuyers because it allows buyers with good credit to secure home loans with a down payment as low as 3.5 percent. It’s important to keep this in mind when selling your home because around 30 percent of buyers rely on FHA loans to purchase a home and there are rules that govern what types of homes can be purchased with those loans. Is your house FHA-friendly? Making sure that it is will open the bidding to the many buyers who use FHA loans, and more potential buyers are always good news when selling your home.
The steps to make your home FHA-friendly are relatively easy to handle for most sellers, and can open the bidding to 30 percent more buyers when selling your home. If you have any questions about selling your home within FHA guidelines, the right real estate agent can walk you through every step of the process.