Housing market is too far gone.

[Mejnoon]

Could have sworn a VA appraisal attaches to the property via case number for a period of time. Never dealt with it clearly

FHA sticks to property for 6 months

 

[Menger]

Something is still chirping

Just ordered 4 Kidde alarms tho 😎

 

[Mejnoon]

Anecdotally I won a bid on a foreclosure property on a multiple offer home with a VA loan. None of my realtors bitched about the fact that I was using a VA loan in the 2 homes I bought. I do remember there being a lot of diligence in the appraisal process, but it didn't impede the process, even on the foreclosure home.

How many offers did you make before the offer that was accepted?

I’m glad it worked out for you and I’m not telling anyone not to use VA financing, but they should go in to it with their eyes open. @saabguy acknowledged that agents will advise sellers against accepting VA deals, even if he doesn’t agree with me that the advice is warranted.

 

[Relax Preppy]

Just pull the old switcheroo, submit a regular offer and switch to VA that’s what my agent did

 

[kwhitelaw]

Just pull the old switcheroo, submit a regular offer and switch to VA that’s what my agent did

Did you tell the seller while moving thru the contract or just spring it on them right around settlement ?

 

[Relax Preppy]

Did you tell the seller while moving thru the contract or just spring it on them right around settlement ?

The purchase agreement would have the not subject to financing box checked, and inspection waiver box checked, but she would add the below line item:

*23. ADDITIONAL TERMS: ✘ 1. Should the Purchaser decide to pursue financing, the Seller shall provide the Purchaser and Purchaser's agents reasonable access to the Property to conduct an appraisal. Purchaser acknowledges and agrees the purchase is not subject to appraisal and the Purchaser shall pay in cash any appraisal gap between the agreed upon purchase price and the appraised value of the Property.

Im assuming it would come up when she said hey an appraiser needs to come out for an inspection

 

[Mr. Kitty Litter]

I'm in underwriting for a new construction condo now. After 2 years on and off of battling in this grueling market, I'm ready for this part to be over

Gimmie dem keys

 

[Bill The Butcher]

Waiting on a text to see if you got a house is nerve racking.

Seller after no contact yesterday lowered their offer this morning - we countered 3k higher but 5k in closing credits.

Would use the 5k to refinish the floors.

 

[Bill The Butcher]

Seller agreed

Thanks for all the help getting this far especially @Downset and @kwhitelaw

 

[cASe SenSiTive]

Seller agreed

Thanks for all the help getting this far especially @Downset and @kwhitelaw

Fuck yeah! Congrats.

 

[kwhitelaw]

Seller agreed

Thanks for all the help getting this far especially @Downset and @kwhitelaw

Outstanding

You doing inspection? Radon typically high in that area?

 

[Bill The Butcher]

Outstanding

You doing inspection? Radon typically high in that area?

Radon and sewer line.

Our agent is giving us shit for not using her recommended inspector. This normal? It's annoying.

 

[Muddy Waters]

Seller agreed

Thanks for all the help getting this far especially @Downset and @kwhitelaw

Congratulations!
Don't worry about the mortgage if it seems to high right now, you can grow into it within a few years

 

[Menger]

Radon and sewer line.

Our agent is giving us shit for not using her recommended inspector. This normal? It's annoying.

No kickback for her this time

 

[Bill The Butcher]

No kickback for her this time

Pisses me off tbh. Ruined the excitement we had going.

 

[kwhitelaw]

Radon and sewer line.

Our agent is giving us shit for not using her recommended inspector. This normal? It's annoying.

Lol wow

I mean I have a couple people I refer buyers to but I don't care at the end of the day who they use. Your agent might just feel her recommendation is a really good inspector. Or he could gloss over things and not be a deal killer..

 

[kwhitelaw]

Pisses me off tbh. Ruined the excitement we had going.

Try not to dwell on it, this is a business transaction, she can be in her feelings if she wants

 

[Bill The Butcher]

Lol wow

I mean I have a couple people I refer buyers to but I don't care at the end of the day who they use. Your agent might just feel her recommendation is a really good inspector. Or he could gloss over things and not be a deal killer..

Yeah and not like we can ask her that question. The place my wife found has stellar reviews, a lot of recommendations from people on reddit too in the area.

 

[Bill The Butcher]

Try not to dwell on it, this is a business transaction, she can be in her feelings if she wants

How long do you have after contract is signed until you have to get the home inspected?

I'm traveling next TUE-SAT so we suggested next Sunday as this place we want to use is 7 days a week.

She said that is too far out. Mentioned earlier her people can do it this Monday.

 

[Menger]

How long do you have after contract is signed until you have to get the home inspected?

I'm traveling next TUE-SAT so we suggested next Sunday as this place we want to use is 7 days a week.

She said that is too far out. Mentioned earlier her people can do it this Monday.

You should be doing it within ~3 days imo. Monday.

 

[Bill The Butcher]

You should be doing it within ~3 days imo. Monday.

Ahhh OK thanks.

 

[TCMS]

How long do you have after contract is signed until you have to get the home inspected?

I'm traveling next TUE-SAT so we suggested next Sunday as this place we want to use is 7 days a week.

She said that is too far out. Mentioned earlier her people can do it this Monday.

Depends on the location. It my client isn’t getting it done during attorney review I ask for an extension on it.

 

[kwhitelaw]

How long do you have after contract is signed until you have to get the home inspected?

I'm traveling next TUE-SAT so we suggested next Sunday as this place we want to use is 7 days a week.

She said that is too far out. Mentioned earlier her people can do it this Monday.

Whoa, your contract should have a specified deadline for any/all inspections. Atleast I hope it does

That said, back in the day we'd put 10 days, with the current market if you're lucky to even get an inspection contingency written in, maybe 3 days (which ends up usually just having to grab whichever inspection company can actually squeeze you in)

 

[kwhitelaw]

You should be doing it within ~3 days imo. Monday.

I agree, get it done by Monday so that if any negotiations have to happen you can handle it remotely while traveling

 

[Remy Bressant]

Yeah and not like we can ask her that question. The place my wife found has stellar reviews, a lot of recommendations from people on reddit too in the area.

Youre seriously using Reddit recommendations? You may not be ready for home ownership