By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
85209.com85209.com85209.com
Notification Show More
Font ResizerAa
  • Live Local
    • Eat Local
    • Local Events
    • Shop Local
  • Mesa News
  • Real Estate
  • School News
  • Podcast Episodes
  • Search Homes
  • Sell My Home
  • Cash Offer for My Home
Reading: Home Sellers: There Is an Extra Way To Welcome Home Our Veterans
Share
Font ResizerAa
85209.com85209.com
  • Live Local
  • Mesa News
  • Real Estate
  • School News
  • Podcast Episodes
  • Search Homes
  • Sell My Home
  • Cash Offer for My Home
Search
  • Live Local
    • Eat Local
    • Local Events
    • Shop Local
  • Mesa News
  • Real Estate
  • School News
  • Podcast Episodes
  • Search Homes
  • Sell My Home
  • Cash Offer for My Home
Have an existing account? Sign In
Follow US
85209.com > Blog > Real Estate > Home Sellers: There Is an Extra Way To Welcome Home Our Veterans
Real Estate

Home Sellers: There Is an Extra Way To Welcome Home Our Veterans

Klaus Team
Last updated: July 29, 2021 10:00 am
Klaus Team
Published: July 29, 2021
Share
SHARE

Contents
    • What Should Sellers Do To Help Create a Level Playing Field?
  • Bottom Line
  • You might also enjoy reading…

Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR):

“Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in May 2021, an increase from about 65% during 2018 through 2019…The share of VA-guaranteed loans has also decreased to 7% in May 2021 from about 10% in past years.”

Recent data in the latest Origination Insight Report from Ellie Mae sheds light on the continuation of this trend. Below, we can see just how small of a share of total financing VA loans made up in June of 2021, according to that Ellie Mae report:Home Sellers: There Is an Extra Way To Welcome Home Our Veterans | Simplifying The MarketThe drop in VA loan usage can be attributed to the difficulties veterans continue to face when buying a home. The NAR article elaborates:

“It is extremely difficult for FHA/VA buyers to get accepted in a multiple offer situation. They are on the bottom of the hierarchy.”

One contributing factor is that buyers with VA loans can’t waive certain contingencies. However, just because a certain contingency must be present for a particular buyer doesn’t mean that buyer’s offer shouldn’t be considered.

What Should Sellers Do To Help Create a Level Playing Field?

As a seller, it’s important to consider every offer in front of you regardless of loan type. If you’re selecting an offer because some contingencies are waived, keep in mind that it doesn’t always mean the offer is what’s best for you.

Buyers who can’t waive specific contingencies may adjust other terms in their offer to make it more appealing to sellers. This may depend on several factors, including their loan type and location, but a motivated buyer and their agent will do everything they can to present an offer that’s as appealing to you as possible.

Ultimately, you should make sure you take time to really understand the terms of their offer and see the big picture. Working with a driven buyer who’s motivated to purchase your house may provide a better opportunity for you to reach your overall best option and what’s most important to you.

Bottom Line

If you’re ready to sell, let’s connect. Together, we can make sure you understand the terms of all offers so you can give each one fair consideration, including those buyers using a VA loan. Our veterans sacrifice so much for our country. They’ve earned our gratitude and should have the same opportunity to obtain the home of their dreams.

You might also enjoy reading…

Advice for First-Generation Homebuyers
Using Your Tax Refund To Achieve Your Homeownership Goals This Year
Why Homeowners Feel Thankful for Their Homes [INFOGRAPHIC]
Key Things To Avoid After Applying for a Mortgage
What You Need To Know About Today’s Down Payment Programs
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Popular News
Real Estate

Eco-Friendly, Energy-Efficient Homes Attract Buyers

Klaus Team
Klaus Team
June 21, 2023
The Benefits of Downsizing for Homeowners [INFOGRAPHIC]
Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off
The Future of Home Price Appreciation and What It Means for You
Why Homeownership Wins in the Long Run
- Advertisement -
Ad imageAd image

About US

Your Community Connection
We provide local resources to our community to educate, support, and make our community stronger. Your Community Connection is a service of Klaus Team Real Estate Solutions with Real Broker. Equal Housing Opportunity.

Subscribe

Subscribe to our newsletter to get local news, market updates, and open houses in the community sent to your email.

 

Subscribe to Your Community Connection Newsletter

* indicates required
© Klaus Team Real Estate Solutions. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?