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Updated almost 5 years ago,

User Stats

255
Posts
126
Votes
Maugno M.
  • Flipper / Landlord
  • Tyler, TX
126
Votes |
255
Posts

VA Loan for a potential Buyer. Should i accept or pass ?

Maugno M.
  • Flipper / Landlord
  • Tyler, TX
Posted

Hello BP family, 

I have a SFR that i fixed up and have on the market. Very nice and great neighborhood, and overall a good middle class home. Ive had some issues that came up during the time i've had it since January. I did a very light rehab (flooring throughout, new paint, inside and out) and thats about it. Ive been told by several that maybe the roof is an issue which is the biggest expense. Also, my laminate flooring has bubbled up, :( geez seems like it always happens. And original contractor on flooring has moved to a different state since. . .

the house is listed for 172k. I just got an offer for full asking contingent on me fixing the flooring, and fixing a back gate. also almost 6k in buyer closing cost. seems like a good deal but ive heard that VA loans are even more strict than FHA loans and i would hate to go under contract and then the roof not passing. I DO NOT want to make more repairs and really want to sell as is. i had a low ball offer with a conventioanl loan too, but ehhhh idk.

Any experience with VA loans for Sellers ?

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