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buying a bankowned home: Buyer of a Bank-Owned Home has Buyer's Remorse - 03/03/09 11:00 PM
I just received an interesting email from another Realtor's buyer - a complete stranger - through my website.  This buyer purchased a bank-owned home using VA financing and the bank to agreed to pay for Section 1 repairs.  That's the good news.  This buyer is having second thoughts because there are other "equivalent" homes available in the same market for less money.  He wrote to ask my opinion.
Let me preface my response with the following information:  I am located in Contra Costa county (northern California) and VA financing hasn't been used in this market for close to 10 years.  So the fact that his realtor got a bank to accept $0 down VA … (3 comments)