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Updated over 9 years ago on . Most recent reply

User Stats

98
Posts
59
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Jeff S.
  • Colorado Springs, CO
59
Votes |
98
Posts

Seller is Veterans Affairs : Will they negotiate

Jeff S.
  • Colorado Springs, CO
Posted

There is a foreclosed property I've been watching that is owned by "Secretary of Veterans Affairs". I assume that means someone defaulted on a VA loan ?

It has been on the market a while and the price recently dropped by $10k.  It doesn't look too bad, but one problem is the roof : layers of asphalt shingles over old wooden shake shingles.  (Property is old, built in 1899).

If I was going to put a bid on the property, would it make any sense to ask that the roof be replaced ? Is the VA just like any other seller in that regard, or do they play by different rules ?

Most Popular Reply

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891
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701
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Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
701
Votes |
891
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Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
Replied

@Jeff S.

I highly doubt that they will replace the roof for you prior to close. I would price your offer accounting for the roof repair and/or any other repairs which are needed. You can always ask for seller concessions at closing to help defer the costs.

-Christopher

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