One of the most popular financing options for home-buyers are FHA loans because they have a low-down payment and the seller can contribute to the buyers closing costs. Making sure that your home is FHA compliant will expand your pool of potential buyers.
A requirement of the process it that an FHA appraiser must perform an inspection to see if the home meets FHA guidelines.
A seller should perform an FHA inspection prior to listing the property, but this doesn't always happen.
The inspection list has several items, including:
a good roof
a functioning furnace
a safe electrical system
a solid foundation without water intrusion or mold
windows free of broken glass
no peeling paint