article thumbnail

Opinion: The pros and cons of VA modernization bill

Housing Wire

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. While I’m a fan of improving antiquated systems, I first wonder if the VA, the MBA, or Congress were open enough about the problems with the current system.

VA loan 76
article thumbnail

Selling a House ‘As Is’ in Louisiana

HomeLight

Consider a pre-listing inspection A pre-listing home inspection is the same as a standard on, except that the seller pays for it before listing their home on the market. These are standards related to the overall condition of a property which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan.

As-is 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Selling a House ‘As Is’ in Virginia

HomeLight

Consider a pre-listing inspection A pre-listing home inspection is the same as a standard one except that the seller pays for it before listing their home on the market. Megel says that a pre-listing inspection makes little sense for sellers considering an as-is sale. “If Yes Is a real estate attorney required?

As-is 90
article thumbnail

Selling a House ‘As Is’ in Arizona

HomeLight

Fast facts about selling a house ‘as is’ in Arizona Median sales price in Arizona $430,990 Average days on market (DOM) for Arizona 56 Disclosures Arizona law requires sellers to disclose material facts about the property through the Residential Seller’s Property Disclosure Statement (SPDS) MLS has a field to mark a listing “as is”?

As-is 83
article thumbnail

Low Appraisal on Your Home? A Reconsideration of Value Might Save the Sale

HomeLight

Your real estate agent is the best source for comparable home sales and MLS listings. This means MLS listings for comps, a floor plan of your home (if necessary), and documentation supporting recent upgrades, repairs or improvements to the home. The ROV process is different for VA loans. Avoid these mistakes in an ROV.

Sales 90
article thumbnail

What Home Sellers Need to Know about Closing Costs in Kentucky

HomeLight

The commission paid to the seller’s agent covers the cost for listing the home with the local Multiple Listing Services (MLS) and marketing the home. These can include: Termite inspections for VA loans. The average cost for a termite inspection is $100. HOA fees and condominium dues. Home repairs.

article thumbnail

Selling a House ‘As Is’ in New York

HomeLight

MLS has a field to mark a listing “as is”? Consider a pre-listing inspection A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. No, but it is commonly mentioned in the Remarks field Is a real estate attorney required?

As-is 90