Revelation Part 6 #shortvideo #shorts #short #shortsvideo #growth #growthmindset #health #money

12 Dec 2024 · 1 min

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0:43

A short YouTube clip by Steve D Valentine explaining why VA (Veterans Affairs) loan buyers repeatedly lose out in very competitive real estate markets. He cites common seller-favored practices in hot markets—non-refundable earnest money at contract signing, waiving inspections, and waiving appraisal contingencies—that disadvantage VA buyers who often put zero down and lack funds for closing costs.

Chapters

Give me a 30 second explanation as to why VA buyer would lose out over and over again in that market. Well because in that market you were non refundable earnest money pretty much at contract signing A lot of people were waiving their inspections and they were waiving the appraisal contingency. And so if you're a VA buyer trying to put zero down which is one of the benefits of VA and you don't have any money for closing costs you're trying to get the seller to pay your closing costs they'd have three or four cash offers that know or finance offers that waive the appraisal and all the things if you took a VA you ran the risk of if it doesn't appraise I'm going to have to reduce the price because these people can't qualify and that's not what I want to do. So a lot of people would go the other way and so it just made it really, really timely for the veteran buyers during that time.