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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