OMG I just want to buy a freaking house!

[greekfire]

Hehe. Let not your heart be troubled. We are going through the exact same thing. The best word I can use to describe it is “shenanigans”. Isn’t it ironic that just a few years ago the banks were tripping over one another to over-leverage and loan money willy-nilly to anyone with a heartbeat? Fast forward to today – the banks have received their bailout funds to cover previous mistakes; yet they won’t loan it to anybody unless they fall into their Dixie-cup criteria.

There was a time when this Dixie-cup criteria was the norm, and I understand the reasoning for it. We’ve grown so accustomed to easy credit over the years that we don’t know which way is up or down.

My advice is to bear down, stay the course, and be patient. If you have an uptick in income or assets and can afford to put it down long on a property, then go for it. We could be in for another 1979-1980 style correction that brings rapid interest rate increases which will reduce home prices, rampant inflation might occur, or perhaps something in between will take place.

Stay liquid my friend.

[[email protected]]

VA loans are best for the buyer but It is difficult for VA buyers to get their offers accepted for several reasons.

It costs the seller more to accept a VA offer because the seller must pay the lender and escrow fees the VA buyer is not allowed to pay which amounts to about $2,700 on a $300,000 purchase. The actual amount will vary with the price.

Many sellers are concerned the VA Lender will require repairs that a conventional lender would not ask which is not necessarily true.

Many Sellers mistakenly think a buyer with a downpayment is the stronger buyer. The reality is that VA “qualified” buyers have a better chance of closing because conventional underwriting guidelines are much more stringent than VA or even FHA.

So, what to do?

You stand a much better chance with properties that are not bank owned but bear in mind when you are negotiating price the seller must pay more costs than other types of financing so structure your offer accordingly..

You should be working with a real estate agent VA experienced and your agent must have your formal VA loan approval to present with your offer.

Finally yet importantly, have patience, the prize is worth the fight.

[[email protected]]

VA loans are best for the buyer but It is difficult for VA buyers to get their offers accepted for several reasons.

It costs the seller more to accept a VA offer because the seller must pay the lender and escrow fees the VA buyer is not allowed to pay which amounts to about $2,700 on a $300,000 purchase. The actual amount will vary with the price.

Many sellers are concerned the VA Lender will require repairs that a conventional lender would not ask which is not necessarily true.

Many Sellers mistakenly think a buyer with a downpayment is the stronger buyer. The reality is that VA “qualified” buyers have a better chance of closing because conventional underwriting guidelines are much more stringent than VA or even FHA.

So, what to do?

You stand a much better chance with properties that are not bank owned but bear in mind when you are negotiating price the seller must pay more costs than other types of financing so structure your offer accordingly..

You should be working with a real estate agent VA experienced and your agent must have your formal VA loan approval to present with your offer.

Finally yet importantly, have patience, the prize is worth the fight.

[[email protected]]

VA loans are best for the buyer but It is difficult for VA buyers to get their offers accepted for several reasons.

It costs the seller more to accept a VA offer because the seller must pay the lender and escrow fees the VA buyer is not allowed to pay which amounts to about $2,700 on a $300,000 purchase. The actual amount will vary with the price.

Many sellers are concerned the VA Lender will require repairs that a conventional lender would not ask which is not necessarily true.

Many Sellers mistakenly think a buyer with a downpayment is the stronger buyer. The reality is that VA “qualified” buyers have a better chance of closing because conventional underwriting guidelines are much more stringent than VA or even FHA.

So, what to do?

You stand a much better chance with properties that are not bank owned but bear in mind when you are negotiating price the seller must pay more costs than other types of financing so structure your offer accordingly..

You should be working with a real estate agent VA experienced and your agent must have your formal VA loan approval to present with your offer.

Finally yet importantly, have patience, the prize is worth the fight.

[[email protected]]

VA loans are best for the buyer but It is difficult for VA buyers to get their offers accepted for several reasons.

It costs the seller more to accept a VA offer because the seller must pay the lender and escrow fees the VA buyer is not allowed to pay which amounts to about $2,700 on a $300,000 purchase. The actual amount will vary with the price.

Many sellers are concerned the VA Lender will require repairs that a conventional lender would not ask which is not necessarily true.

Many Sellers mistakenly think a buyer with a downpayment is the stronger buyer. The reality is that VA “qualified” buyers have a better chance of closing because conventional underwriting guidelines are much more stringent than VA or even FHA.

So, what to do?

You stand a much better chance with properties that are not bank owned but bear in mind when you are negotiating price the seller must pay more costs than other types of financing so structure your offer accordingly..

You should be working with a real estate agent VA experienced and your agent must have your formal VA loan approval to present with your offer.

Finally yet importantly, have patience, the prize is worth the fight.

[[email protected]]

VA loans are best for the buyer but It is difficult for VA buyers to get their offers accepted for several reasons.

It costs the seller more to accept a VA offer because the seller must pay the lender and escrow fees the VA buyer is not allowed to pay which amounts to about $2,700 on a $300,000 purchase. The actual amount will vary with the price.

Many sellers are concerned the VA Lender will require repairs that a conventional lender would not ask which is not necessarily true.

Many Sellers mistakenly think a buyer with a downpayment is the stronger buyer. The reality is that VA “qualified” buyers have a better chance of closing because conventional underwriting guidelines are much more stringent than VA or even FHA.

So, what to do?

You stand a much better chance with properties that are not bank owned but bear in mind when you are negotiating price the seller must pay more costs than other types of financing so structure your offer accordingly..

You should be working with a real estate agent VA experienced and your agent must have your formal VA loan approval to present with your offer.

Finally yet importantly, have patience, the prize is worth the fight.

[scaredyclassic]

you will own a house within the next 365 days.

[scaredyclassic]

you will own a house within the next 365 days.

[scaredyclassic]

you will own a house within the next 365 days.

[scaredyclassic]

you will own a house within the next 365 days.

[scaredyclassic]

you will own a house within the next 365 days.

[recordsclerk]

Save more money and make a strong offer. Ask for the minimun closing cost that VA allows. Remember that no matter how much you offer on the home it has to appraise for that amount, so over bidding does not help the deal. Show that you are willing to take the home as is, unless VA requires additional repairs.

[recordsclerk]

Save more money and make a strong offer. Ask for the minimun closing cost that VA allows. Remember that no matter how much you offer on the home it has to appraise for that amount, so over bidding does not help the deal. Show that you are willing to take the home as is, unless VA requires additional repairs.

[recordsclerk]

Save more money and make a strong offer. Ask for the minimun closing cost that VA allows. Remember that no matter how much you offer on the home it has to appraise for that amount, so over bidding does not help the deal. Show that you are willing to take the home as is, unless VA requires additional repairs.

[recordsclerk]

Save more money and make a strong offer. Ask for the minimun closing cost that VA allows. Remember that no matter how much you offer on the home it has to appraise for that amount, so over bidding does not help the deal. Show that you are willing to take the home as is, unless VA requires additional repairs.

[Author]

Posts