Finding a real estate agent is as simple as picking a name out of the phone book.
Finding a GOOD agent is a bit harder.
And finding a GOOD agent with VA loan experience can be even more challenging.
Challenging as it may be, it’s essential for military buyers to locate an agent with knowledge of the VA loan program and its unique requirements. Agents who are familiar with VA protocol can save borrowers from big-time hassles on things like appraisals and property requirements.
As some have learned the hard way, it can be tough to locate an agent with the necessary expertise. Fortunately, there are groups like Veterans United Realty, a service that connects military buyers with local, experienced, VA-savvy agents. Buyers who use a VUR agent could also earn a cash rebate of up to $250 at closing.
But whether or not you choose a VUR agent, it’s extremely important to select an agent with VA loan experience. Let military buyers Calvin Eley and Lynnecia Johnson show you why.
First off, it’s important to realize that VA loans aren’t available for each and every home on the market. VA appraisal guidelines require homes to be move-in ready and in good condition.
There’s a big list of specific criteria used to determine if a home can be VA-approved. Newbie agents may not be familiar with the VA guidelines that address everything from heating sources to water quality.
And that’s where good real estate agents can make a huge difference.
Finding a VA-worthy property is a breeze for skilled agents. VA-knowledgeable agents can quickly identify VA-eligible properties and eliminate unfit homes from contention. Smart filtering can result in an efficient house hunt, which can be a real blessing for military buyers on a time crunch.
Finding a VA-savvy agent can be as simple as checking with fellow military homebuyers. Referrals can be a great way to start a good relationship with a quality agent. Gather a list of potential candidates, and be sure to ask lots of questions before signing a buyer’s agreement.
If you prefer a more direct approach, consider the aforementioned services of Veterans United Realty (VUR). VUR operates a network of over 2,500 military-friendly real estate agents. Each VUR agent has experience serving the unique needs of military families, and with VA financing.
Another nice bonus of using a VUR agent is the PurchasePower Cash Bonus offered at closing. Military buyers in most states are eligible for a cash rebate of up to $250 for closing a sale with a VUR agent.
Locate a VUR agent in your area through the VUR website or by calling 800-985-5723.
Army veteran Calvin Eley can attest to the importance of working with an experienced agent.
He and his fiancée, Lynnecia Johnson, wanted to purchase a northern Maryland home with a VA loan. They located an agent through VUR, who immediately tailored the home search to reflect VA-eligible properties.
The results were incredible. Calvin and Lynnecia’s agent ultimately found a single-family home that hit the nail on the head. The home met their needs, lived up to VA standards, and actually came in below their price point.
Working with a skilled agent will ensure your house hunt has a happy ending.
Pursuing a property that can’t meet VA standards can derail your purchase indefinitely. By choosing an agent with the necessary experience, veterans and active duty service members can avoid costly pitfalls and delays.
Rely on your fellow military homebuyers for agent recommendations, and don’t forget to contact Veterans United Realty for additional resources.
We wish you a very happy house hunt!
If you want to get more info on the VA home loan process or find out how to get matched up with an agent check out this helpful guide.
Your Certificate of Eligibility (COE) verifies you meet the military service requirements for a VA loan. However, not everyone knows there are multiple ways to obtain your COE – some easier than others.
Midway through Fiscal Year 2021, the VA loan program is on pace to blow past last year's record-setting 1.2 million loans. See which cities are seeing the most growth compared to last year.