VA Home Buyers Tips
Why VA Home Buyers Need A VA Experienced Agent
VA home buyers find buying a home to be the largest purchases in their lifetime. Finding an experienced real estate agent to guide you through the process is necessary to keep things smooth. This is certainly true if you’re thinking of using a VA home loan. A military friendly real estate agent knows the do’s and don’ts and will help avoid pitfalls.
VA home loans come with a number of benefits. These benefits include a zero down payment requirement, lowered interest and no mortgage insurance requirement (PMI). However, with these benefits come requirements. Here are the main reasons using a military-friendly agent will best serve VA home buyers.
An Understanding of the Special Needs of VA Home Buyers
Relocation can be frequent and unexpected for active duty personnel. When permanent change of station (PCS) is necessary, service members get ten days leave to check out a new duty station and make a home search. Selecting a real estate agent who understands this and can focus on the process necessary to locate a home in a very short period of time is critical.
Since relocations can be frequent, good resale value is an important consideration. The right agent will ensure that the home is most likely going to be easy to sell and profitable upon the next relocation.
A Desire to Serve Those Who Serve Us
Some real estate agents are just passionate about helping our service men and women. They may also enjoy teaching veterans and military members about VA home loan benefits. A good agent might ask every new client if they have ever served in the armed forces. They want to identify everyone who might be eligible for a VA home mortgage.
They Understand VA Loan Requirements
There are unique requirements for VA loans created by the Department of Veterans Affairs. These help ensure service members buy houses that are a good investment. This agency has created a list of minimum property requirements (MPRs) for homes bought by veterans and active personnel. These MPR’s consider the safety, sanitation and structural integrity of the chosen homes.
If your chosen agent understands MPRs when considering a potential property, they will see MPR issues before the VA appraisers arrive.
It is recommended that military home buyers ask their potential agent about their VA loan expertise. If you want to work with an agent who fills all the requirements above and loves our service men and women, Penny is the right choice. Learn more about her here.