VA Final Inspection $225.00????

[Don Clark]

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]

Gotta love that kind of free money.
That is the only easy fee in this biz.

 

[mikegoff]

Builder doesn't care, just passin it on to veteran/borrower. That $225 fee is hidden in all the other charges.

 

[Mike Garrett RAA]

If I was the veteran I would complain! Should be a charge to the builder not the veteran purchaser!

 

[Richard Carlsen]

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]

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]

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]

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)]

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.