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Wayne Wilson
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VA REO Advice pricing

Wayne Wilson
Posted Oct 25 2019, 09:12

First timer.  So decided to come direct, I have read many post and found great advice to others.

I'm looking to find a resource on VA pricing and at what point do they drop the price.

VA purchased the house for 291k then put it on the market for 347k. I offered 292k and it was rejected.

I turned around and offered 300k. They countered with 345k and that the sale is AS IS sale. Seller will not renegotiate price or consider repairs. Utilities and/ or mechanicals cannot be turned on due to condition. ( Pipe burst in utility room with only one area affected) Seller will not repair to facilitate inspections or appraisal. Water/ heat will not be on for inspection or appraisal. All repairs deemed required will be rolled into buyers new loan. We are looking to live in property and will be using VA Rehab loan.

We understand that there is a problem with pipe.  It is well water supply.

Property is at 34 days on market with our bids and one other offer that was considerably lower and our.(Cash deal)

Any advice is appreciated.  Very frustrated.

Thank in advance.



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