Sincitydoc, Home Buyer in 28540

VA appraiser

Asked by Sincitydoc, 28540 Mon Aug 15, 2011

How are they in this area?

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Joseph Runfo…, Agent, Staten Island, NY
Mon Aug 15, 2011
With a VA Loan, the VA randomly assigns an appraiser to your new property to prevent any conflict of interest on the loan. In order to prevent this conflict, it is not possible to request an appraiser. VA appraisers are trained and approved by the VA to represent them. They will give you a true value of the home based on comparable listings in the area. In order to protect you as the buyer, the VA does require any significant problems with the property to be repaired before closing. Many issues can affect an appraisal and certain things must be repaired before a VA Loan can close. Often these are safety issues, such as stairs with no railings or back doors without decks. The home cannot be in disrepair. It needs to be livable and in decent condition. Repairs noted on an appraisal have to be completed before closing on the new loan. Sometimes if circumstances arise beyond your control the lender will allow you to escrow for a repair and take care of it when weather or other factors permit.
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2 votes
Christina As…, , 28445
Sat Sep 29, 2012
Honestly, most of them are good to work with and genuinely have no problems getting value for most homes. There are one or two appraisers who are NOT favorites and, if they come up, everyone is on the edge until the appraisal comes back. I have heard of an appraiser telling a Realtor that it was his job to keep home values in check in our area because of the military market, and that he would do everything he could to not let appreciation happen too quickly. Market value is the price a buyer is willing to pay for a given home under normal conditions, without duress on either party. No more, no less. Hope this helps :)
0 votes
Denise Phill…, Agent, Jacksonville, NC
Sun Sep 11, 2011
The other answer is good, also VA appraisals normally come in close to the selling
price in Jacksonville, NC. Denise, Century 21 American Prop.
0 votes
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