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FHA buyers in San Diego and Riverside Counties

By
Real Estate Agent with RE/MAX United
FHA buyers in San Diego and Riverside Counties
As an Realtor that specializes in working with buyers in San Diego and Southwest Riverside County, I work with many buyers that are approved for VA or FHA financing. I have heard other real estate professionals state "I can't get my offers accepted because listing agents will not even look at an FHA buyer" or "VA offers will never get accepted because sellers believe it is a weak offer."
I have written a lot of offers and found that FHA and VA offer DO get accepted. Of course most of these FHA and VA buyers do not get an offer accepted the first time and often have to submit offers on several properties before they get into contract.
Prior to showing property to clients, I spend an average of 2 hours reviewing the entire home buying process, which includes reviewing the purchase contract so when we are ready to write an offer, they have a good understanding.
In the current market, with limited inventory, buyers have to be ready to write an offer on a property the same day that it hits the market or risk losing out on what might be their perfect home. I have found that the acceptance rate of offers has much more to do with how an offer is written than it does what type of financing is involved.
Cash is king but a well crafted, market value offer with FHA financing and favorable terms stands a great chance of getting accepted over a low cash offer. The California purchase agreement is lengthy and there are many ways to write a favorable offer and still do what is the most important; protect the buyer's interest.
I recently closed on a property for an FHA buyer that only spent two months searching part time for a property. We made offers on three properties in North San Diego County that were not accepted but on the fourth we were successful and........ Well see below:
YES, we did get another FHA offer accepted and closed escrow for this awesome first time buyer.
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For your Real Estate needs in North San Diego or Southwest Riverside County...
Make the Call to Hankins and Hall
Lela 760-591-0020 DRE#01407710
Steve 760-809-1637 DRE#01764446
Lela Hankins and Steve Hall are full time real estate professionals providing full service in real estate to Carlsbad, Encinitas, Oceanside, Vista, San Marcos, San Elijo Hills, Escondido,Fallbrook, Bonsall, Rancho Bernardo, Valley Center, Temecula, Red Hawk, and Murrieta
If you are in the market for a great lender that understands all loan types including FHA and VA, contact Brian Skaar at Brian Skaar.com
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* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * For your Real Estate needs in North San Diego or Southwest Riverside County........ Make the Call to Hankins and HallLela 760-591-0020 DRE#01407710 Steve 760-809-1637 DRE#01764446 Lela Hankins and Steve Hall are full time real estate professionals providing full service in real estate to Carlsbad, Encinitas, Oceanside, Vista, San Marcos, San Elijo Hills, Escondido,Fallbrook, Bonsall, Rancho Bernardo, Valley Center, Temecula, Red Hawk, and Murrieta Find us online at LelaSellsSanDiego.com

Comments (1)

Brian Skaar
VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender - San Diego, CA
Purchase Loan Specialist - VA, FHA, Conventional

I agree with what Steve writes here.   The fact is that a great percentage of sales in San Diego and Riverside counties are financed with FHA & VA Loans.   I would agree that the quality of the offer is more than the type of financing.  it is the overall package that is presented.

May 08, 2010 05:28 AM