What If My Contractor's Bid Is Way Higher Than My 203k Budget? (How to Fix It Fast!) 💸🛠️

Contractor's bid blows your 203k budget? Don't panic—here's how to bring it back in line in 2026:

- Use the detailed bid + appraisal report as leverage—show the seller exactly what the house needs to become loanable and ask for a price drop to match the after-repair value and rehab costs.

- Work with your HUD consultant to remove or scale back non-required items (anything not needed for FHA minimum property standards or safety can go first—cosmetics often get cut). The appraisal report is your strongest weapon—it's proof of what the home requires to pass, and many sellers will negotiate when they see the numbers.

Watch this quick video for the two main paths to close the gap and keep your project alive! Got a bid that was way over? How did you handle it—negotiated with seller or cut scope? Share below

👇 #203kLoan #HomeRenovation #ContractorBids #FixerUpper #RealEstateTips