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The Feasibility Study


We will do a feasibility study for you if you have questions about wheather or not to proceed with buying a particular property due to circumstances and areas that you may have questions about how something needs to be repaired and/or  what the options are involving cost and repairs. Many times we can offer advise in a written report that can be used to negotiate the property, and to help in getting the proper bids together for the contractors. We charge much less for this study, and will give you a credit towards the cost of a full blown work write up if you dedide to proceed with the purchase and one is needed. This procedure can save you a lot of aggraviation and headaches. It will  help you to make an informative decision when looking at the property. If we do a feasibility study for you a credit can be applied to the work writeup if it is required. Our fee is generally around $250.00 - $350.00 depending on the location of the property and the dollar amount of the work that will be done. (see 203kfees above)  A home inspection will not be necessary, again saving you money ($350 - $600.00).  Also Our fee can be given back to you at closing and taken out of your loan proceeds thus saving you more out of pocket funds. At the time of the initial inspection we will do all the work necessary for a complete work write up.We will take pictures of all areas and prepare all the necessary paperwork for the mortgage company to get your loan closed. If a complete work write-up is required by the mortgage company then we will be able to complete it in a timely and professional manner.

Five Common Factors of a Feasibility Study

Technology and System Feasibility

This involves questions such as whether the=== Operational feasibility === Is a measure of how well a proposed system solves the problems, and takes advantages of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development. 

Schedule Feasibility

A project will fail if it takes too long to be completed before it is useful. Typically this means estimating how long the system will take to develop, and if it can be completed in a given time period using some methods like payback period.

Market and Real Estate Feasibility

Market Feasibility Study typically involves testing geographic locations for a real estate development project, and usually involves parcels of real estate land. Developers often conduct market studies to determine the best location within a jurisdiction, and to test alternative land uses for a given parcels. Jurisdictions often require developers to complete feasibility studies before they will approve a permit application for retail, commercial, industrial, manufacturing, housing, office or mixed-use project. Market Feasibility take into account the importance of the business in the selected area.

Resource Feasibility

This involves questions such as how much time is available to build the new system, when it can be built, whether it interferes with normal business operations, type and amount of resources required, dependencies, etc. Contingency and mitigation plans should also be stated here.

Cultural Feasibility

In this stage, the project's alternatives are evaluated for their impact on the local and general culture. For example, environmental factors need to be considered and this factors are to be well known. Further an enterprise's own culture can clash with the results of the project.

DEFINITION

Analysis and evaluation of a proposed project to determine if it (1) is technically feasible, (2) is feasible within the estimated cost, and (3) will be profitable. Feasibility studies are almost always conducted where large sums are at stake. Also called feasibility analysis. See also cost benefit analysis.


                                                                                    

The HUD GUYS
The FHA 203k Rehab Specialist


Frank Hodges  
thehudguy@gmail.com
804-301-4116
fax 1-866-221-1919


Dan Fincham
dannyfincham@gmail.com    
757-651-4466
fax 1-866-221-6203
                                   

serving
   Virginia | West Virginia| NC/SC | Maryland | DC
(We have done them in Texas and Ohio)
Call us to find out if you qualify for our services in your back yard
      

DISCLAIMER:
We are not acting on behalf or at the descretion of HUD/FHA or Fannie Mae or the Federal government
We are an  INDEPENDANT CONSULTANT GROUP
for
THE FHA203K REHAB LOAN PROGRAM and the Fannie Mae HomeStyle programs.


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