Written by:
Darleen McCullen, REALTOR®, Broker
Keller Williams Realty
Phone: 919.454.8864
Email: darleen@darleenmc.com
When I saw that for this week's Makeover2Takeover Challenge Penny Robinson and I would be submitting a First Time Home Buyer's Packet-with a VA Loan twist-my heart literally filled with joy. Really, it did! Here's why...
It seems like yesterday that my former spouse and I purchased our first home using his VA benefit, and I must say that having it available was a blessing to us.
Many Veterans have been helped by this program over the years, and had it not been for the VA laon, I'm not sure we would've been able to purchase a home when we did.
We were young, newly married-with very little money to spare-and we were able to purchase a nice home in Cary, North Carolina with no money down.
The Seller's paid a majority of our closing costs-leaving us an outstanding balance less than $200 to cover outstanding expenses to pay at closing (If I remember correctly, it was a land survey or something of that nature.) The closing attorney remarked that he thought he was going to owe us money back, LOL. What a sweet deal for us!
We didn't really understand the ins and outs of the VA loan, but we're thankful that our real estate agent knew a mortgage broker who could make the loan work. (I believe that it's essential to have a mortgage professional who understands exactly what the Department of Veteran Affairs is seeking in the loan packet - and that everything runs like clockwork. Without that knowledge, a VA loan can turn into a disaster. I know-I nearly had one go South last year.)
I love working with First Time Buyers because I know that I can be instrumental in helping them step onto the path of wealth-building through home ownership.
I know of no other investment that allows one to: Put in so little of their own cash and sell it after as little as 2 years for a profit of $250,000 for singles and $500,000 for married couples-with no capital gains taxes. Wow!
It's a great feeling to help change someone's financial future this way.
I know that the decision to purchase the home literally changed our futures because it enabled us to begin living the American Dream and to begin building wealth.
As real estate professionals-whether we realize it or not-we hold so much power in our hands. If we do our jobs correctly, we are able to make an impact on the world-not just in the present-but for many years to come. Real estate purchased today could mean wealth for generations to come.
Penny and I look forward to submitting our First Time Home Buyer's packet - and once again, we are grateful to have the opportunity to compete against what we consider to be some of the most formidable real estate brokers in the business. We're humbled each week that we have the opportunity to put together a presentation.
REALTOR® on a Mission... NOT Just Seeking a Commission!TM
Phone: 919.454.8864
Website: http://www.darleenmc.com/
Disclaimer: Opinions expressed by those who are part of the ActiveRain community, including those providing comments relating to this blog, are their opinions and their alone - and do NOT reflect the opinions of Darleen McCullen and Keller Williams Realty. Darleen McCullen and Keller Williams Realty are not responsible for the accuracy (or lack thereof) or content provided by others.
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