VA Repo Home With Ocwen
I am working with an realtor on a VA home that needs some remodeling. The realtor told me tonight that if I want the company that is selling the VA home to use VA Vendee fianancing I need to pay the full asking price. Is this true and what experience have you had with % bid price being accepted on VA homes. It has been listed just two weeks on this home. I am new investor in houses.
I'm not sure about having to pay asking price for that financing. I just bought a Ocwen/VA in August and the general rule of thumb is about 10%less than the asking www.price.I had to fight my way through 17 showings on the first day it opened...luckily my realtor was able to push my offer through and I got it for about 24% under fmv. I offfered almost the asking price on that one since there were so many investors looking at it. In fact yesterday I offered 5K overasking on a HUD house and still didn't get it as an owner/occupant got it and paid 6K over the asking price...that one was a steal even at that.
I'm not sure about having to pay asking price for that financing. I just bought a Ocwen/VA in August and the general rule of thumb is about 10%less than the asking www.price.I had to fight my way through 17 showings on the first day it opened...luckily my realtor was able to push my offer through and I got it for about 24% under fmv. I offfered almost the asking price on that one since there were so many investors looking at it. In fact yesterday I offered 5K overasking on a HUD house and still didn't get it as an owner/occupant got it and paid 6K over the asking price...that one was a steal even at that.
I'm not sure about having to pay asking price for that financing. I just bought a Ocwen/VA in August and the general rule of thumb is about 10%less than the asking www.price.I had to fight my way through 17 showings on the first day it opened...luckily my realtor was able to push my offer through and I got it for about 24% under fmv. I offfered almost the asking price on that one since there were so many investors looking at it. In fact yesterday I offered 5K overasking on a HUD house and still didn't get it as an owner/occupant got it and paid 6K over the asking price...that one was a steal even at that.
I'm not sure about having to pay asking price for that financing. I just bought a Ocwen/VA in August and the general rule of thumb is about 10%less than the asking www.price.I had to fight my way through 17 showings on the first day it opened...luckily my realtor was able to push my offer through and I got it for about 24% under fmv. I offfered almost the asking price on that one since there were so many investors looking at it. In fact yesterday I offered 5K overasking on a HUD house and still didn't get it as an owner/occupant got it and paid 6K over the asking price...that one was a steal even at that.
I'm not sure about having to pay asking price for that financing. I just bought a Ocwen/VA in August and the general rule of thumb is about 10%less than the asking www.price.I had to fight my way through 17 showings on the first day it opened...luckily my realtor was able to push my offer through and I got it for about 24% under fmv. I offfered almost the asking price on that one since there were so many investors looking at it. In fact yesterday I offered 5K overasking on a HUD house and still didn't get it as an owner/occupant got it and paid 6K over the asking price...that one was a steal even at that.