Monday Real Estate Market Myth: VA loans

Myth: On a VA loan, a buyer does not have to do any repairs on the property based off a pest inspection report.

FALSE: If a home buyer chooses VA financing, then all parties such as the buyer’s agent, listing agent, seller, and short sale lender (if applicable) need to know that Section One and sometimes Section Two needs to be repaired and cleared in a pest inspection prior to closing on the property.  Also the pest inspection is mandatory and the buyer cannot pay for it! It is important to know prior to writing an offer all the terms that affect the transaction otherwise someone might be paying out of pocket something they did not expect.

In need of a strong real estate team that knows your best financing options and transfer that into the transaction? Contact real estate agent Kristen Jurevich at 831.635.6719 in the Hollister, San Juan, Aromas, Gilroy, Salinas, Monterey, or surrounding areas for your buying and selling needs.

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