[quote=recordsclerk]This is a typical flip. Seller initially listed at market price. Got two buyers, both fell out. Listing got dated, so the dramatic price reduction. Got some buyers exited about the price, got multiple offers. Offers came in at 375k or higher. Agent representing buyer stating make offer at 375K or higher. What is wrong with any of the above. 5K credit for landscape is typical. Buyers (FHA, VA) want completely move in ready houses and don’t have the money to do improvements. This is a service provided for this type of buyer. Allows buyer to have money for landscape that is rolled into loan. VA loan requires seller to pay extra closing costs, seller doesn’t want to pay those fees. VA offers need to come in about 10K higher than FHA to net the same for seller. If there is something seriously wrong with the house during inspection, then pass. This is how it works. If you want a cash price, then save up the money and pay cash. If you want to use VA and have the home move in ready, then this is the way it works. Look for what fits for your family. I’m not advocating to buy or not to buy, just stating the facts.
My neighbor’s roommate was home searching in 2009 and using VA. Didn’t like anything she saw and didn’t want a flip. Ending up not buying. Had the attitude that people paying cash are getting the good deals and wanted the same, but didn’t have the money. In hindsight she made a mistake. Today’s market is totally different, but the same rules apply.[/quote]Excellent post, recordsclerk.

I didn’t address the issue of OP using a VA loan or the VA funding fee because I was unclear if she was actually using VA. She stated that her spouse was “eligible” for one but not sure their offer was a VA offer … or VA No-No offer.