Military-Friendly Real Estate
Buying a home will likely be one of the biggest purchases of your life. Having a knowledgeable real estate agent to walk you through the process is imperative for a smooth transaction. This is especially true if you’re purchasing with a VA home loan.
VA mortgages come with a host of benefits, including no down payment, low interest rates, and no private mortgage insurance. Along with these benefits come some unique loan requirements. Here are three key reasons why using a military-friendly real estate company like Ferrell Realty benefits VA home buyers.
1. We understand the unique needs of VA home buyers
Active-duty service members relocate frequently. When receiving permanent change of station (PCS) orders, service members receive 10 days of leave to scope out the new duty station and complete a home search. Choosing an agent who understands this short time frame and can dedicate the time necessary to find a home during this compressed period of time is essential.
Due to frequent relocations, Ferrell Realty understands the importance of strong resale value. We also understand we’ll need to identify a home that not only fits the service member’s current needs, but also to make sure the home has the potential for a quick and profitable resale if the service member receives PCS orders again.
2. We’re passionate about serving those who’ve served
Whether our agents have served themselves, have close ties to someone who has, or simply have a desire to give back to those who have given so much for our country; we often identify ourselves as military-friendly because of our passion for serving those who have served.
We also understand the importance of educating veterans and service members about VA home loan benefits. We ask buyers “Did You Serve?” so we can identify those who may be eligible for a VA loan.
3. We understand the unique requirements of the VA loan
The Department of Veterans Affairs has created a few unique requirements for VA loans, to ensure buyers purchase homes that are a solid investment. The VA established a set of minimum property requirements (MPRs) to ensure all homes purchased by veterans and service members are safe, sanitary, and structurally sound.
VA appraisers are tasked with the responsibility of outlining any features not meeting the MPRs, and any issues will likely have to be fixed prior to closing. We understand MPRs is a great asset when doing a walk-through on a potential property and can point out possible MPR issues before going under contract.
Contact us for more information about a VA home purchase.