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Really good answer to a question I had regarding VA home repairs from Jess Kinna, a local mortgage broker…
Follow up on your VA repair questions… feel free to pass this along to your seller as well.
VA in Florida requires a clear pest & termite report. If you know there is pest issues it’s probably best to get it treated prior to an inspection. For whatever reason VA does not allow the buyer to pay for this pest inspection, but anyone else involved in the transaction can. Typically the seller will pay for it.
The complete home inspection is not required to be submitted to underwriting for VA. The only repairs that will be required to be completed prior to closing are those that come up on the appraisal. The VA appraiser is all about safety and soundness of the home. The most typical repairs are peeling paint on the outside of the home, evidence of dry rot or severely weathered trim, any tree’s/foliage growing with direct contact to the home, broken windows, missing covers on electrical outlets, exposed wiring, holes in interior drywall, etc…. All utilities must also be on & functioning.
Cosmetic stuff will not typically not be required repairs unless the home is in really, really bad shape. Dirty carpets, old cabinets, outdated fixtures, etc. are not considered safety & soundness issues.
The pest/termites will need to be treated, everything else I would wait on the appraisal and see what’s required. If you are repairing items based on the home inspection there’s a chance that your seller may fix a bunch of stuff but then still have other repairs come up on the appraisal. There’s also a really high likely-hood that repairs mentioned on the inspection will not come up on the appraisal.
Let me know if you need any additional info!
Palm Beach Mortgage Group
O: 561-478-4780 – C: 561-962-1375
Posted in Homes For Sale on May 4, 2015 at 6:18 am.
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Posted on: by Jeff Lichtenstein
From PGA National homes to Admiral Cove, you've discovered the top source of comprehensive information on homes in Northern Palm Beach County communities. Jeff Lichtenstein of Illustrated Properties is the top producing real estate agent in these locations. Jeff has sold over 300 homes, more than anyone else since 2001. He caters to the Waterfront, golf & ranch, and luxury communities here. His focus has always been on providing exceptional service, showcasing quality properties and working with quality clientele. Jeff your only choice for a real estate agent in the area if you're looking for the best. Whether you're looking to sell a home in Admiral's cove or buy one of the beautiful PGA National homes, you need to talk to Jeff Lichtenstein.
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