The low inventory numbers throughout the Bay Area has caused the Bay Area Real Estate Market to shift and transform into more of a seller’s market. This has had a definite effect on those wanting to acquire Bay Area Real Estate with a VA Loan.
What we know is that at the lower price points the market has shifted and we regularly see bidding wars with escalating prices. My recommendation to you who are buying with the use of a VA loan is to be aligning yourself with an agent and lender who know what you can and can’t do in order to make your offer more appealing. Buying Bay Area Real Estate while using a VA loan will take more work on your agent and lender’s part however a well crafted offer along with our ability to communicate with listing agents will go a long way in helping to secure the property. Unfortunately we cant win them all. There are cases where offers come in at “All Cash” with no contingencies. These are the most attractive offers to sellers because the risk of escrow falling out is slim. However, we have been able to secure homes in the Bay Area with VA loans that had multiple offers on them.
Give us a call or email to discuss your specific situation.