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Real Estate
Reply to "VA loan???? Would you accept?"
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[quote=Anonymous][quote=Anonymous]We just got an above full price offer with 0 dollars down in a VA loan. My home is being sold "as is" and needs repairs. In fact, we thought it'd be torn down but it is livable. My realtor is insistent that we do NOT accept. She said that the VA will hold our house off the market for an extended period and then will force us to make repair after repair at OUR cost because the VA has strict requirements.[/quote] Your realtor is using outdated knowledge. My DH and I bought our house in 2013 with a VA loan, also with zero down, in Arlington. The owner had no other offers. It used to be that the VA was really strict about the property appraisal, but we had literally zero issues with the appraisal. The appraiser ran some comps, and we were well within the limits. I think your realtor is being dumb. People like her stopped good buyers like us from winning many a bid. BTW. We also bought an "as is" house that would've been torn down by a builder if not for our purchase. Zero problems with the financing.[/quote]
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