Skip to main content

VA Appraisal Nitty Grittys

VA Appraisal MPRs - Nitty Grittys Needed

I posted this on a VA Loan page but no response…

Hey all! We are currently in process of purchasing our home through a refinance of a land contract. We’re preparing for the MPRs and admittedly we’re searching every nook & cranny that may be not okay.

My question is how nitty gritty do they get?

Going off of MPRs I feel like we’ve remedied everything we can. A few items we are concerned about warrants bullet point and and ask to any and all VA loan appraisers & participants to help us get our level of concern in check.

  • We have a chain link fence that’s a little wobbly but it’s erect. Will they fail if the fence isn’t perfect?

  • We had several cracks in our cement basement floor. We have filled all with crack sealer & painted the floor perimeter to hide any standing water stains. How do they look at patching like that?

  • The house was updated before our move in 5 years ago with all new mechanicals etc. but all exterior basement foundation walls were covered floor to ceiling in insulated foam rectangles & sealed with spray foam. They can’t see the walls.. will this be an issue?

  • The basement entrance is a cutout in the floor that is lifted like a crawl space. Will the way this is structured be a problem?

  • The first basement step is also not aligned with the hole as the house was rebuilt upon the original exterior entrance to the basement. Will they consider this a safety issue?

Thanks for the help & advice!

submitted by /u/Crafty_HippieWitch22
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/zvmz5b/va_appraisal_nitty_grittys/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more