VA Home Loan Centers: Why Use A Realtor® To Buy A Home
San Diego, CA (PRWEB) July 18, 2013 -- VA Home Loan Centers: Why Use a Realtor® To Buy A Home
VA Home Loan Centers (VA-HLC), a San Diego-based organization that specializes in VA Loans and helping veterans, active-duty military and their families with home-ownership is launching an awareness campaign geared to protect the rights of home-ownership and would-be home owners.
The core of the July awareness message is designed to stress the importance of using a Realtor® to buy a home.
“Just because a real estate agent has a license to sell property that doesn’t mean that he or she is a Realtor®,” advises Philip Georgiades, chief loan steward of VA-HLC. “Legally, in order to be a Realtor®, a person has to be a member in good standing of the National Association of Realtors®, and therefore adhere to the organization’s strict code of ethical conduct.”
“I’m not knocking agents,” continues Georgiades, “I’m just making people aware of the difference so they can make up their own minds.”
To help potential home-buyers understand why they should use a Realtor® VA-HLC has issued five key reasons to do so:
1. “Inside” information
Realtors® have access to “inside” information. A good Realtor® can tell you how long a home has been on the market, what the seller paid for it, the sellers motivation, and in some cases, what offers meet the sellers bottom line.
2. Disclosures
A great Realtor® can clearly explain the disclosures. By law, sellers are required to disclose potential problems that may affect the buyer's decision. An inexperienced buyer can find themselves making a huge purchase mistake by buying another person’s problems.
3. Savings
Savings over the life of the loan. Subtle nuances of the purchase agreement and escrow instructions can mean the loss of tens of thousands of dollars for the buyer over the life of the loan.
4. Costs
A buyer’s agent/Realtor® usually will not cost you, the buyer, anything. The sellers have to pay an agent/Realtor® to represent a buyer unless the transaction is a short sale, HAP or compromise sale. Their agent/ Realtor® can keep this money if they also represent both he buyer and the seller. The problem is that this means they are legally obligated to look out for the seller and not the buyer.
5. Peace of mind
Having a Realtor® can give a home buyer or seller peace of mind. An experienced Realtor® can help guide a principal through what can be a very stressful experience.
“This list is not exhaustive,” stresses Georgiades, “And I recommend that you hire a Realtor® that has plenty of experience and, very importantly, is flexible and available to you when you need them.”
Georgiades continued, “A house purchase is huge and it pays to get the right advice. If a potential home buyer is unsure of any aspect of their home purchase I recommend they call VA-HLC. We are ready to help and always have staff standing by.”
About VA-HLC / VA Home Loan Centers (http://www.vahomeloancenter.org)
VA Home Loan Centers is a qualified lender of mortgage loans to United States Veterans. The VA loan program helps veterans, active and former duty military, and certain spouses of wounded, M.I.A. or K.I.A. United States service personnel achieve the ultimate American dream: home ownership. Services provided by VA Home Loan Centers include real estate representation such as VA loan short sale processing, purchase assistance and VA loan application processing. VA Home Loan Centers offers beneficial loans to all eligible veterans and their families. It is easier to qualify for a loan through VA Home Loan Centers than other loan programs because they offer higher front-end and debt ratios as well as the no down payment, no closing costs option (VA no/no). Other benefits include the ability to finance the funding fee, no mortgage insurance premiums, no prepayment penalties, low interest rates and monthly costs. VA loans available include 15-year and 30-year fixed mortgage rates.
For more information on the eligibility requirements and loan limits and how VA-HLC can help with a VA loan, refinancing or foreclosure avoidance, call 888-573-4496 or visit their Web site http:http://www.vahomeloancenters.org.
Phillip Georgiades, VA Home Loan Centers, http://www.vahomeloancenters.org/, 858-367-7114, [email protected]
Share this article