What does the Department of Veterans Affairs say about homes with pools? For veteran homebuyers and their agents, having a pool is an additional consideration when purchasing a home with a VA loan. There are a few different options for backyard pools. For VA loans, the type of pool can make a difference in how you proceed with searching for and structuring a contract on a property. Here are a few tips to ke… Full Article
How can agents and buyers ensure VA appraisal success? It starts with a simple walk around the home's exterior. VA appraisers use “the three S’s” to ensure homes purchased by veterans are move-in ready and in good repair: safe, structurally sound, and sanitary. Homes that don’t live up to “the three S’s” or the VA’s additional list of Minimum Property Requirements must be repaired before a VA lo… Full Article
REALTOR® income is up for the second year in a row, according to the 2017 National Association of REALTORS® (NAR) Member Profile. The median gross income of a REALTOR® jumped from $39,200 in 2015 to $42,500 in 2016. You know what that means: A new crop of real estate agents is trickling onto the scene. Real estate agents are in one of the nation's happiest industries and cite many reasons to love their jobs. C… Full Article
The incredible benefits offered by VA loans come with a few unique guidelines. Guidelines that can, logically or not, make sellers hesitant to accept VA offers. But experienced military-friendly agents have learned a thing or two about working with VA buyers — and the crucial VA loan advantage. From their knowledge, we’ve culled five dos and don'ts to get your next VA purchase offer accepted. 1. Don't pi… Full Article
Ever notice that some folks have a skewed view of life as a real estate agent? Considering how agents are depicted on some reality TV shows, that’s understandable. Agents with big incomes and lavish lifestyles undoubtedly bring in higher television ratings than your run-of-the-mill agents. And while those shows are entertaining and real estate agent tends to be one of the happiest industries to work in, they can… Full Article
What military buyer wouldn’t want to shave more than a third off the price of a home? Distressed properties sold at an almost 37 percent discount in March 2017, according to RealtyTrac. Fortunately for cash-conscious military buyers, VA loans can be used to purchase foreclosure or short sale properties if the property meets the VA home loan guidelines set by the Department of Veterans Affairs. But as expe… Full Article
Apartments, condos, manufactured homes, co-ops, single-family homes — modern real estate has come a long way since the days of the one-room shack. The current market offers a wide variety of homes to satisfy any buyer’s desires. But VA loan buyers will need to focus on certain types of properties to win final loan approval. Knowing how VA loans work is the first step toward getting the home of your drea… Full Article
So your buyer wants to use their VA loan on a condo? Make sure you follow this plan to avoid extra stress. It's easy for agents and buyers to get frustrated with the condominium approval process, so setting clear expectations early with all parties can prevent additional problems. While purchasing a previously unapproved condo can add some additional work, it's completely possible to close this type of loan. As… Full Article
Are you wondering how your VA appraiser will feel about exposed wires, a sparking fuse box or knob-and-tube wiring? Ponder no more. Let’s talk about the electrical portion of the VA appraisal. MPRs and Electrical Systems The VA issues a list of Minimum Property Requirements (MPRs) to every VA appraiser. Appraisers must ensure that properties meet or exceed MPR standards to qualify for VA financing. … Full Article
It may sound cliché, but the old adage “work smarter, not harder” is the most relevant piece of advice for agents and brokers alike. Increased costs and changes in homebuyer behavior have made it absolutely necessary for all agents to embrace this principle – especially when pertaining to marketing. Even if things are going relatively well, one thing holds true and that is you can always improve your market… Full Article