[quote=bearishgurl][quote=bearishgurl][quote=sdgrrl]Wow. I don’t know who said it, but someone thought the realtor was an investor. His brother is the seller.[/quote]sdgrrl, this is typical with flipper teams. Many of them are family affairs, with an “in-house” (related) agent or broker among them. However, the listing agent in your MLS pfl is shown as Kristi Stevens, a female. Have you ever actually met her?
I don’t like the new request. It seems they want to ensure that they have a few thousand in case you walk, for whatever reason. They want you to hang in there as long as it takes your lender to order your VA appraisal, the appraisal to be completed and the report to come back. Think about that. That could take well beyond your 17-day (or 12-day, as the case may be) contingency period.
It appears that you were trying to buy it with a very low downpayment (fraction of the closing costs) or as a VA no no. What does your agent advise you to do?[/quote]Earlier, the OP posted that the (listing) realtor was the brother of the seller. This is the way I understood it.
If this is the case, do you (OP) know why are they used a “straw agent” to list the property on the MLS? She is licensed …. NOT an unlicensed “assistant.”[/quote]
I BG,
That is correct- the seller is the brother of the listing agent. Our agent is Kristi and we have been working with her for a year now.
As of right now we are officially in escrow. We will see which repairs need to be done, but also what the VA appraises it for. If the VA comes back and says the home is worth $355k that is what the loan will be for.
Our listing is agent is paying for the home inspection ($450) and our broker is paying for the appraisal.
I think our listing agent knows we are on the point of bolting. Our broker messed up on the first home we were in escrow with and told us for the next appraisal he would pay for it.
