So...we got our list of conditions last week on our VA loan that is in undewriting. It only took us a few days to get everything done and turned in. Now we are just waiting on the appraisal. My worries are, can they still deny us even with getting all of the conditions done? Then we worry the appraisal is going to come up under the selling price. The seller had the house priced at $144,900.00. On the tax assessor's site though, the fair market value is at $124,700.00. We offered $139,900.00 and this is including all brand new appliances as well. Since the last recording on the tax assessor's site however, the house has been completely remodled inside with a brand new septic tank. The house is also a brick house and they have it listed as a "Masonry/wood" so...they're are a lot of positive factors that play on our side of the field....I just worry if it will all hold up...comp value in that neighborhood is between $110k-$136k. The higher end being homes that are around the size of the one we're buying and they're the biggest in the neighborhood. I'm just so anxious and so worried we have gotten this far to only be shot down. Does anyone know if there is a limit on price per square footage that the VA appraisers go by? We're supposed to close on August 9th and we are still hesitant to pack any boxes because we still haven't had a definite answer...please help us or give us some positive thoughts?? Even if you think it doesn't sound good, prepare us for the worst...
