Barb Schlinker The Real Estate Voice

Should  Home Sellers Be Worried About Buyers with 100% FinancingSegment 2What Home Sellers Should Know About ZERO Down 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:o Inspectiono Appraisalo Buyers Loan Approval* There 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 100% financing Conventional!What are the things Sellers must be concerned about?* Inspection issues - Seller is in control* Buyers loan approval - Lender is in control* Appraisal - Sellers can take an educated guessYou want an agent that knows how to prepare you for all of these iss