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Monday, May 20, 2013

Getting a VA Foreclosed Home Appraised

                                  Having Your Home Appraised

I just finished having a VA Home appraised and to my surprise it needed to be re-inspected for repairs. The house needed to be re-inspected by an appraiser because of the fence and outside paint. The inspector said the house needed to be completely re-painted on the outside. The house was already negotiated 20% below market value. VA wasn’t going to do the repairs unless the price on the house was going to be re-negotiated (increase the price). So the repairs needed to be negotiated outside of closing.

This seems as though this is becoming a trend and more and more foreclosed homes are having issues with the appraisal and foreclosed means the property is selling as is without any repairs.

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