Hello! The house is not in major disrepair but needs some work. What has been your experience with buyers who have FHA loans who want to purchase a short sale. The seller has a VHDA loan? The buyer is paying their own closing costs.
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Seller here...Missed two closing deadlines because buyer's bank (FHA loan) where not satisfied with a tiny spot of rot at the bottom of our entrance door's frame. Finally closed in March after one year trying to shortsale.
If the repairs are not severe and the buyers lender isn't going to require anything to be fixed prior to closing, then I don't see any issues. FHA buyers purchase short sales all the time. I typically ask the lender to pay up to 3% seller concessions for FHA buyers and then have it potentially adjusted it if the servicer needs a higher NET.
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com