Agent2Agent in Virginia>Question Details

Chris Ognek, Real Estate Pro in Fredericksburg, VA

Will VA pay 6% on one of their REOs?

Asked by Chris Ognek, Fredericksburg, VA Wed Apr 24, 2013

Does anyone know if VA will pay 6% seller concessions on one of their own REOs? I know the VA loan allows the buyer to receive 6% but the question is if VA will actually pay it on one of their own REOs. Also, do they have a "formula" as to what they will accept on an offer, i.e. 90% of list price? I've got a property I'm looking at for a client that is over priced and I'm trying to get it to a reasonable price for them without waiting for the price reductions. Thanks!

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