I've worked with VA clients before on both existing homes and new construction (sometimes new construction communities will have VA incentives). If you are looking to buy an existing home, Kelly Cearing is a VA Loan Specialist that I work with often. And with a lot of VA homeowners probably refinancing in 2020 and 2021 with lower interest rates, if by chance you can find a seller with a VA loan, those loans can be assumed by another VA buyer (check with your lender to know all the guidelines on assumable VA loans).
Great question! In TN we would write a home sale contingency into the special stipulations of the contract, so you’d have protection in the event the people buying your house pull out or their financing falls through. Houses under the average sale price of the local area might still see multiple offers, so it’s situational dependent if a seller will accept an offer with a home sale contingency. If you can get a quick close, with a temporary occupancy to find your next home, that would give you extra time in your current home, with the cash to fund (and time to look for) your next home.
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Hi! We are looking to move to Tennessee. Do you work a lot with VA loans?
I've worked with VA clients before on both existing homes and new construction (sometimes new construction communities will have VA incentives). If you are looking to buy an existing home, Kelly Cearing is a VA Loan Specialist that I work with often.
And with a lot of VA homeowners probably refinancing in 2020 and 2021 with lower interest rates, if by chance you can find a seller with a VA loan, those loans can be assumed by another VA buyer (check with your lender to know all the guidelines on assumable VA loans).
Good info, but what about sale contingencies? I don’t need financing, but I need to sell my house first.
Great question! In TN we would write a home sale contingency into the special stipulations of the contract, so you’d have protection in the event the people buying your house pull out or their financing falls through. Houses under the average sale price of the local area might still see multiple offers, so it’s situational dependent if a seller will accept an offer with a home sale contingency.
If you can get a quick close, with a temporary occupancy to find your next home, that would give you extra time in your current home, with the cash to fund (and time to look for) your next home.