Barb Schlinker The Real Estate Voice

Segment 3 – Should Home Sellers Be Worried About Buyers with a Low Down PaymentBarb, most people are familiar with home loans with 20% down. But should home sellers be concerned about a buyer that makes an offer with a low down or zeroes down payment?When a home seller accepts a contract on their home, the biggest fear is whether the deal will go through without hitches:The hitches are:• Inspection• Appraisal• Buyers Loan ApprovalThere are several different types of ZERO Down financing:• VA Loans – available to veterans and military• FHA Loans with Down Payment Assistance• Credit Unions are starting to give 95% - 100% financing Conventional!What are the things Sellers must be concerned about?• Inspection issues – Seller is in control• Buyers loan approval – The lender is in control• Appraisal – Sellers can take an educated guessYou want an agent that knows how to prepare you forall of the issues that may arise:• Inspections – we help people wade through these dozens of times per month. • Loan Approval – we ge