I think home sellers will find the news much more valuable now than ever
before. If a home seller has balked at accepting an offer on their home from
a buyer who is using an FHA or VA mortgage they should pause and look
at this chart:
Over 1/2 of homes that sold during the month of June (2009) with purchasers NOT paying cash were sold with FHA & VA mortgages for the financing.
This really is a stunning amount of homes that were sold with these mortgage
products and I predict we’re going to be seeing much more of this. I think it’s
fabulous!
Home buyers are finding that the FHA and VA mortgages work very well for their needs and sellers are now finding that to balk at accepting a buyer with this type of mortgage would be foolhardy.
~Kris Wales~ A Macomb County MI real estate agent


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