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VA Appraisal Problems: What Happens If the House Gets Flagged?
One thing that can catch VA buyers off guard is the appraisal.
A VA appraisal isn’t just about determining the property’s value. The appraiser can also flag certain property-condition issues that may need to be addressed before the loan can move forward.
That doesn’t automatically mean the deal is dead, though.
This video breaks down what a VA appraiser is looking for, some of the issues that can get flagged, and what buyers can potentially do when a property doesn’t pass the first time:
For anyone who’s bought using a VA loan, did your appraisal flag anything that had to be fixed before closing?
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