Hi I'm Dana sparks Broker of maximum one Greater Atlanta Realtors and this week's contract tip has to do with sellers costs associated with the buyer getting a VA loan or an FHA loan when you are working with a seller and you get an offer and the type of financing that the buyer is getting is a VA or FHA loan please make sure that you go over the costs associated that will that the seller will have to pay part of the buyer's loan so for example on the VA loan there are well let's just do both of them first on the VA loan there are several items of cost that the seller is required to pay in the contract and there are certain fees that for a borrower getting a VA loan the borrower cannot pay so in the contract on the VA loan contingency exhibit and this is in both the GAR exhibits and on the re forms exhibit so the VA loan provisions are the same regardless it regardless of which contract package you are using but I'll just go over the GAR form so in the GAR form which is f65 on where it talks about the repairs it basically says that if there are any mandated repairs by the VA appraiser then the seller is required to pay them and by signing this the seller agrees that they will complete those repairs now the buyer and seller negotiate X amount of dollars for the repairs not to exceed that amount so if the repairs do exceed that amount then the seller has the option to terminate the contract again this is not the buyers independent home inspection these are VA mandated repairs / the VA appraisal second item is an a whole...
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How to write a va offer Form: What You Should Know
I know it isn't the easiest task, but it isn't impossible either! If there's anything I learned in this video about the house buying process, it's that the seller needs to trust that you can't do everything for them. It's not about how good your credit is, how much money you have, how long you've lived in the state or even if you're the same demographic as the buyer. It's about who you are and how you will benefit this seller. They just don't know that yet. So, I would say this process of actually writing the agreement by hand might take you less that an hour or two a day. A word of caution. I've heard many horror stories of VA borrowers who've done this process with someone like a house flipper. In almost every case that I remember reading about it, the flipper came with a big resume of references (or was in proximity to one) and he had plenty of connections who could attest to how long he had lived in the area, what his credit looked like, how many friends he'd made over the years. The reason for all of this was because he couldn't see the handwriting and could only rely on the sellers credibility and their personal experiences. But the reason this doesn't work with VA loan buyers is that you're doing the home buying process at your own risk. It's your responsibility to do your due diligence, but if this is something you're not willing to do yourself, don't do it. Be safe out there! How to Prepare Yourself for VA Loan Buying Before Handing Over Cash May 11, 2022 — Don't Start Buying This Home Without a Loan from the VA: Learn the Rules of the Game The key to successful house flipping for a VA loan buyer is knowledge. Know what you want and what to expect · Know that this person is going to be a veteran. · Know that they have probably been living out of state for several months if not longer. · Know that they are going to be living in a house they did not have to buy and pay for, because of VA loan. · Know what the seller wants.
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