Feb 1, 2021

Don't Be Afraid of Your Home Loan

 







It is not uncommon for consumers AND real estate professionals to cringe when they hear certain loan types mentioned. A wall goes up and negotiations and business relationships fizzle.

FHA. USDA. VA. 

Listen up. Don't be afraid.

It is important for everyone involved in a real estate transaction to understand that with ANY loan, there are guidelines, rules, criteria, and maybe just as important there are many misconceptions.

With inventory still low at the beginning of 2021's first quarter, buyers will want to make sure sellers are comfortable with their offer. The last thing you want is a seller or their Realtor taking your offer and immediately putting it in the "runner-up" pile when there are multiple offers.

I was successful in getting all of the USDA, VA and FHA deals for my Buyers AND Sellers to settlement in 2020 and the beginning of 2021. 

I often have fellow Realtors, friends,  enemies (ha!) ask me:  "Why did the seller accept your offer? Your client has a VA Loan"? Or, "I don't get it, your listing sold and the buyer used a USDA loan?"

With every real estate deal there is risk. An offer with cash, no inspections, settlement in 14 days can go south very quickly. 

Being informed and honest with everyone generally takes the "scare-factor" out of the loans mentioned above.

What's the trick? Communication and education. To go over all of the details isn't practical in a blog post. As a consumer you want to make sure to speak to your Realtor. Make sure they are informed, and maybe just as important --- not AFRAID. If you are a Realtor and think this is silly. Call me. Unless you " ...  don't need no education ... ".