Getting an offer accepted for a VA loan can be challenging but it is not impossible. Keep in mind that what the seller of the property is looking for is the most return and the easiest, shortest escrow.
VA loans have special requirements, the borrower cannot pay for certain fees and these charges get passed on the seller etc.
The key here is to find traditional sales, or programs that look at owner occupied offers first... it will take time but it will happen.
REALTOR (R) Hablo Espanol
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I have found that VA has many benefits and for those that qualify, its a great program. I would first question a real estate agent before beginning the process...ask questions such as:
1. How many homes have you sold over the last 6 months?
2. How many VA loans have you closed over the last 12 months.
3. Do you have any personal references that I can contact?
Then take it a step further and ask your lender the following questions:
1. Are you experienced in VA financing?
2. How long have you been a lender?
2. How many VA loans have you funded in the last 12 months?
3. What kind of guidance can you give me as a veteran?
Of course by contacting me...I can help with all of this, but don't simply assume that all agents know how to help Veterans in finding and negotiating a sale or that all lenders can do a good job on a VA loan!!!
This market can be very difficult in getting a VA offer accepted but clearly is happening. We just closed 2 VA clients before the end of the year but I can definitely see your frustration. First of all check with lender to see if you have another option for financing, (ie: FHA, Conventional or assistance programs). You may find there could be other options that could be more favorable. Agents or seller's are reluctant to accept VA because they are fearful and don't understand how they work or they may wish to accept something in easier terms. It all is determined how your offer is presented to seller and agent. VA does have more requirements as the appraisal is more scrutinizing and time frames are a little longer but the right agent and right lender can definitely get you a house within a reasonable amount of time.
Hope this helps.
PMZ Real Estate
What you can do, even if you don't technically have to is:
1) Put a sizable earnest money deposit down. You can get it back at the close of escrow. But it shows the seller that you are a serious buyer.
2) If possible, bid a little higher...if the top price is 200K, then bid 201K or 202K. Sellers will often go for the highest price.
3. Have your Realtor find out what terms are most agreeable to the seller, and do everything you can to meet THEIR needs.
Good luck. You will get a deal eventually so please keep trying.
First of all, thank you for your service. I appreciate your sacrafice in helping to defend this great nation.
Thanks for your question. Choices are at times limited with regard to VA offers, becuase of the condition of available homes or competition. It's important that you work with somebody that will closely work with you to refine and narrow down the homes in which there is an opportunity for you.
It is possible to find you a home, as I have help several Veterens in this market this year.
Let us know if you have any other questions.
Rocky G.H. Hawrysz
Prudential California Realty
(209) 444-6610 Direct
(209) 433-2000 Fax
License No. 01468373
For an agent to invest in this highly targeted and resource intense process, a home buyer WILL need to express their commitment to the agent and the process. This should not be a difficult decision, after all, the cards are truly stacked against you in the existing environment.
Give Karen a call.
No, don't use that Contact button.
No, don't use Trulia email.
Go old school, pick up the phone and give Karen a call, if you are serious.