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Updated over 6 years ago on . Most recent reply

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Zachary Wolf
  • Software Engineer/Web Developer
  • Shawnee Mission, KS
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Anything I should know about buying from the VA?

Zachary Wolf
  • Software Engineer/Web Developer
  • Shawnee Mission, KS
Posted

I'm looking into buying a property from the VA. I've already noticed a few qwirks like a shorter inspection period. Are there any other "gotchas" I should know about?

Thanks.

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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied
Originally posted by @Daria B.:
Originally posted by @Alexander Felice:

not really a gotcha but when buying from VA, retail homebuyers get priority consideration.

Also, not sure if this is a market thing but I buy VA foreclosures and the bidding period is fixed for a longer period than regular foreclosures. (like ~7 days I think)

How do you buy VA foreclosure? Do you have to be active, retired, in some way associated like via spouse in order to bid and buy?

no, but I buy houses outside of a military base, so they are in abundance there. It may just be a geographic thing. They show up on MLS like any other.

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