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DURHAM PROPERTY MANAGEMENT BLOG

Empowering Veteran Home Buyers New VA Rule Suspension Levels the Playing Field

System - Tuesday, June 11, 2024

Now is the perfect time to dive into the housing market, especially for our veterans! The Department of Veterans Affairs (VA) has temporarily lifted the ban on VA home buyers directly paying their real estate agents. This change, driven by the National Association of REALTORS®, is a significant win for veterans, especially first-time buyers.

VA loans, known for their favorable terms and no down payment, had a stumbling block when sellers wouldn't cover agent fees. Now, veterans can directly compensate their agents, ensuring they get the expert guidance needed to navigate today's competitive market without financial strain.

For first-time home buyers, having a knowledgeable agent is essential to making informed decisions. This change not only supports our veterans but empowers them to achieve their dream of homeownership. It’s a vital step in ensuring those who have served our country can secure a place to call home. Let’s seize this opportunity and make homeownership a reality for our veterans. For more details, check out the full article here.



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