|
Arizona
VA Home Buyer's Guide
VA
homes
can be a great investment for potential home owners and real
estate investors. Often times, the properties can be
purchased at a significantly reduced market value.
As
a potential VA home buyer, remember the following:
- A
buyer must use the services of a VA qualified real estate
broker
- A
buyer must be pre-approved for a mortgage or show evidence of
adequate cash reserves to purchase the home
- The
property code will determine how a buyer may finance the
property
- VA
offers "VA Vendee Financing" which is a form of
seller financing
- Buyers
do not have to be veterans to qualify for VA Vendee financing
- VA
homes are sold "as-is"
- Before
making a bid on a VA home, you must provide your VA registered
real estate broker with the appropriate earnest money in the
form of a cashiers check or money order.
- The
minimum earnest money deposit required is $1,000 and is
non-refundable unless the buyer is unable to obtain financing.
You
can obtain a list of Arizona VA homes currently for sale by
clicking here. If you need a VA registered real estate
broker, click here.
|
