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Reply to "VA loan???? Would you accept?"
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[quote=Anonymous]No way in hell would I accept this if your home is already in tear-down condition and your buyer has $0 down payment. The VA inspection is no joke and I even have concerns that it might not even appraise at the above-offer price. Either way, you will NOT be getting their full price offer, either due to non-appraisal or need to make remediations. The fact that they have zero down means the VA appraisal will be even stricter. The borrowers have provided zero collateral, so the VA's incentive is to ensure they have a solid house. The only way you accept this offer is if your home has been sitting on the market for a loooooooong time and/or you live in a very slow real estate market.[/quote]
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