So you have been there - having a VA buyer. When that Veteran, the one that put his life on the line to keep the GREAT United States of America Safe from Harm, wants to purchase a home you or I are called.
So we pick up the phone and the Veteran explains that he would like to purchase the "American Dream" - Heck, this veteran kept that Dream Alive by their service to this Country...
A lender is contacted and the approval is written.
Then We go Hunting for the right property so he can settle and own a piece of this Country he was so diligent in the protection of.
Every offer is rejected. "VA" the other Realtors Say, "VA - there is no way the bank will accept that offer. Their Appraisers are tough and their Minimum passable criteria holds the home must be in almost perfect condition."
Some of the homes that we look about just need a spot of carpet, paint or a couple of windows fixed - but there are conventional offers, even FHA offers that beat the VA Buyer Out.
I have been thinking about this and it does not make any sense. The Veterans loan should be held in the highest regard I would think. No matter what the conditions, appraisal etc. The Owners - Banks, Investors, and Human - Should want to work with the Veteran above and beyond anything else that comes across the table - YES EVEN CASH!
If the price offered is competitive - then there needs to be a mechanism that will make the VA loan more attractive to the owners of these properties - and not scare them away with the Conditions and appraisals...
Any Ideas????
Comments(0)