Barb Schlinker The Real Estate Voice

Should  Home Sellers Be Worried About Buyers with Low Down Payment FinancingSegment 2Should Home Sellers Be Worried About Buyers with Low Down Payment FinancingBarb, we talked about some contracts falling through in the last segment.  In some cases in this market, homes are selling for more than the appraiser thinks it worth. Should a home seller be worried if a buyer is getting Zero Down Financing?   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:InspectionAppraisalBuyers Loan ApprovalThere are several different types of ZERO Down financing:VA Loans – available to veterans and militaryFHA Loans with Down Payment AssistanceCredit Unions are starting to give 100% financing Conventional!What are the things Sellers must be concerned about?Inspection issues – Seller is in controlBuyers loan approval – Lender is in controlAppraisal – Sellers can take an educated guessYou want an agent that knows how to prepare you for all of