Attention Menifee and Temecula Valley Buyers! FHA Lifts 90 Day Requirement on Flips!

This just out! Effective February 1st, 2010 FHA buyers can now purchase investment properties and do not have to wait 90 days to do so.

As a Real Estate Professional, I have seen more and more properties go on the market as investor flips. The drawback is that FHA buyers in the past could not place offers on these properties unless the home was on the market 30 days or more.

The housing market in the Menifee and Temecula Valley is really hot. Properties are only on the market for a few days with multiple offers on the table.

The 90 day waiting period will be lifted. This is fantastic news for FHA buyer's that have been struggling to get into a home.

If you are a buyer looking for a home and need more information on this new ruling please contact me at Team@SherryKhomes.com, WWW.SherryKHomes.com or 951-315-3201.