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VA Final Inspection $225.00????

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Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
8)

Just completed the third final on the same property in 1 week. First time I was asked to do the final by lender, the house was not ready, still putting in carpet. Second time, still installing carpet, downstairs bath sprung a leak and was being repaired. Third time ready. At $75.00 a op. Happy Holidays!
:lol:

Don
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
:D Gotta love that kind of free money. :D
That is the only easy fee in this biz.
 

mikegoff

Sophomore Member
Joined
Jan 28, 2002
Professional Status
Certified General Appraiser
State
Florida
Builder doesn't care, just passin it on to veteran/borrower. That $225 fee is hidden in all the other charges.
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
If I was the veteran I would complain! Should be a charge to the builder not the veteran purchaser!
 

Richard Carlsen

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Michigan
The people who do not understand what the word completion means as used within the phrases "Certificate of Completion" and "completion inspection" are the same people who on an FHA appraisal do not understand the meaning of the sentence…"All of the utilities must be turned on and operating at the time of the appraisers inspection."
 

Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
Hate to burst the bubble of all those who thought I was talking about a builder. This was a re-sale, Listing agent owns the property. Listing agent should know if repairs are done or not. This was for repairs, not completion of construction.

"It ain't done as long as youse is workin on it".

Don
 

mikegoff

Sophomore Member
Joined
Jan 28, 2002
Professional Status
Certified General Appraiser
State
Florida
Ditto....bet the fees were still passed to veteran. The majority of repair requirements (read intended for seller to repair) winds up with the veteran making the repairs, so momma can get the house/loan. Whats scary is they are doing this BEFORE closing, so if it doesn't close, the vet is out the expense/time to repair. Discussions with lenders indicate the majority of repair fees are paid by the veteran, its hidden in the appraisal invoice. What a way to thank them for serving and protecting.

Mike G. - You are right, the vet should scream, but most do whatever it takes to close the loan. I still call for the repairs but feel bad because I know the result. I would even eliminate the repair inspection fee if I could fiqure a way to pass that savings to the vet only (read not to lenders or agents).

We need to take care of those who take care of us.
 

Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
Mike,

Having spent 20 years in the USN, retired 1974(Yah,right-retired), I have a great deal of empathy for the Veteran. In this case the Realtor/Owner was biting the bullet with paying the inspection fee.

Don
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
Sorry, but the fee should not be passed on to any borrower, Veteran or not. The borrower is not the one demanding the inspection. I have empathy for Veterans, but this is not inclusive to VA appraisals. Conventional and FHA appraisals have the same problem.
 
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