Today we will review step 5 of our 5 step series about obtaining a VA loan. With so much information out there, I have never actually seen anything that explains the entire process of obtaining a VA loan in one place.
Today we discuss ways to find the home for you. First, I am not a real estate professional and can only speak from experience.
The internet has changed the way we shop for most things in our lives. Sellers list their homes on For Sale By Owner web-sites hoping to avoid realtor fees. People with experience buying, owning and selling a house or two may decide to venture into the FSBO market and attempt to purchase a home. Buyer Beware may be a good phrase to keep in mind during this type of transaction. Deals can be found, but much research, time and knowledge will be needed to assure a satisfactory ending. An experienced VA loan originator will be able to help you through the financial aspects of this type of transaction but should not offer answers to real estate questions. These should be handled by an attorney or licensed real estate professional.
Choosing a realtor is more than finding a person to drive you from house to house and walk you from room to room. You need to trust this person to represent your interests in what will be one of the most important transactions of your life. Just as I've urged that you understand the processes of obtaining a VA loan and finding the right person to deal with your financial issues, I strongly advise that you gather information to ask the right questions and get satisfactory answers before committing to an agent. I could only suggest the names of agents that have completed successful transactions with customers of mine as a place to start. I feel that your loan originator and realtor have different roles to play and for privacy and professional reasons should not appear to be one entity.
I hope this has been a helpful series for those of you looking to use your VA entitlement. If you do have additional questions, please feel free to call or email me.