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Mar1946, Home Seller in Carpentersville, IL

should i sell to a va buyer?

Asked by Mar1946, Carpentersville, IL Mon Oct 31, 2011

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Great answers, its all about the condition of the property and if you truly want to sell. If your property is in bad condition, then it may not be worth your time...but that should be found very quickly in an inspection. Have a discussion with your agent and let them help guide you through this process.
0 votes Thank Flag Link Tue Nov 1, 2011
I agree with the responses you are getting below. 1, your agent should be helping you through this and 2, as long as your home does not have any condition items that would prevent it from qualifying for a VA loan this is one of the best ways to get your home sold in this market.
0 votes Thank Flag Link Mon Oct 31, 2011
If your home is in average condition, go for it. If you have "issues" with your home and you don't want to fix them, then don't bother. VA and FHA have basic requirements and conditions that banks will require that you fix before the home can be sold. Any safety issues and peeling paint are the most common, but your furnace, water and other items must work properly, too.
0 votes Thank Flag Link Mon Oct 31, 2011
What is your agent advising....not sure why the hesitation, is your buyer pre-approved...
0 votes Thank Flag Link Mon Oct 31, 2011

Home sellers should consider every offer including VA offers. You should be aware that there are requirements for VA financing. The home can’t be sold in “as is” condition. VA financing requires a terminate inspection and clearance. The buyer is not allowed to pay for any inspections or other costs. VA financing may have more seller costs than other types of financing.

Carol Perdew
Prudential California Realty
(209) 239-7979
DRE 985176
0 votes Thank Flag Link Mon Oct 31, 2011
Your agent should be walking you through this. It's a bit different than a non VA buyer, you may have to pick up some of the fees and the home needs to meet certain standards. It may take a little longer than 30 days. If it is a solid Buyer, you are getting the price your home is worth then review the offer and discuss the pro's & con's with your agent.

Congratulations, someone has agreed to buy your home. All the best to you.
Web Reference:
0 votes Thank Flag Link Mon Oct 31, 2011
Are you hesitant for some reason?
Veterans make good Buyers.
Some Banks are restrictive of Veterans becuase of the limitations the Gov puts on the Loans and the Closing Costs.
The No-Down payment doesn't affect you in any way.
If there is a longer qualification, this doesn't affect you, as they normally have gone thru this before you meet them.

Your main concern is having a STRONG offer that you will likely Close; VA Loans are STRONGER.

Good luck and may God bless
0 votes Thank Flag Link Mon Oct 31, 2011
Hello Mar1946,
If the VA buyers shows his qualifications to purchase (such as a pre-approval letter or proof of funds) then why not agree to sell to him if the rest of the terms suit you?

Consult your listing agent (if you are working with one) for his advice.

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
0 votes Thank Flag Link Mon Oct 31, 2011
If your home is in good condition, there should be no reason not to.
0 votes Thank Flag Link Mon Oct 31, 2011
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