Military Selling House - When you're getting ready to move, dealing with the process of buying and selling a home can be difficult - especially when you're PCSing every two or three years. Working with a military estate agent can take a lot of stress off your hands and put much of the process in the hands of a professional who is better equipped to handle purchase and sale instructions.
We'll explore some best practices for finding the perfect professional for your specific job and outline some important things to consider in this short guide.
Military Selling House
Military traders are not everyday civilian traders. Have you ever heard the saying, "All squares are rectangles, but not all rectangles"? The same logic can be applied to military housing workers.
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Military real estate agents can help non-military individuals and families in the civilian world buy and sell homes, but not all real estate agents can help military members find or sell good homes.
Military real estate professionals must obtain a special license before managing real estate for the military. Individuals who obtain these licenses are also known as Military Relocation Specialists. They are well versed in military real estate and the military immigration process.
Sure, you can just search for "military dealer near me" and click on the first option that pops up. But that's not the best way to get a real estate loan that suits your needs and wants.
Before using any of the steps below to find the best mortgage broker for you, you'll want to talk to the mortgage company (if you're buying, that is). Lending companies can get you approved quickly, allowing you to know your home buying budget.
Selling A Property
With pre-approved budgets and budgets, all military real estate agents will make it easy to find the perfect home.
Everyone around you had to buy or sell real estate to get there. Chances are, most of your neighbors have at least one good relationship with a military service member or veteran housing worker in the community who would be happy to help.
If your network is wide enough, you may even be able to find a military real estate agent near you. Realty is a popular career choice among couples and it's a good fit because they know the PCS process inside and out!
Thought listings were all you had to deal with? If you're serious about finding the right military contractor, check out our list of contractors in your area. One of the most popular sites for this is realtor.com.
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This site allows you to filter employees based on your area, and some employees have a special badge next to their name that looks like a military medal. This designation means they specialize in military relocation.
Realtor.com, in particular, allows an agent to see buyer and seller offers, a seller's recent price range, and how many years of experience they have. You'll also find it in your contact list, giving you an easy way to get in touch when you're ready to take that step.
We're not telling you to dress business-like and conduct professional, job-like interviews. When you find a potential agent online (or through a friend), talk to them beforehand. Let them know that you are currently looking for an agent and that you would like to consider their candidacy.
You should be honest and open about what you want in your next home and military housing staff. Now is the time to ask about their past experience and how they handled military operations for previous clients. You can also check their availability and normal workflow.
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You may find it helpful to interview or at least have a short conversation with three or four military housing staff before you make the big move.
Companies ask for job offers for a reason. They need to see if everything on your resume reflects your potential as an employer.
Don't be afraid to ask the landlord for references or recommendations from previous clients. This will give you a true understanding of their past performance as a landlord.
If you are looking at reviews online, pay particular attention to the date and language used in each one. There can be many fake reviews out there, so think carefully when determining the legitimacy of a review.
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If you're looking for military real estate assistance with your purchase, you usually don't have to worry about fees because military relocation agents often make a commission on the cost of the property.
However, if you sell, this means that a portion of the proceeds from the sale of the property will be paid to the seller. According to recent estimates, the average commission for real estate agents in the United States is more than 5% of the home's value.
Once you follow some, if not all, of the tips above, the process will be easy. Just ask your favorite dealer to be your official representative and let the other staff know you're going with someone else.
If you find a good military contractor, you can connect with them over the years for dozens of PCS. If you don't do your due diligence, you could end up with a surprise agent that isn't right for you. So take your time and don't rush!
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A skilled real estate agent will be willing to work around your schedule to get you the home you deserve or sell your current home for more than you bargained for.
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Military taxes usually apply to the federal tax base pay. Some states require income… Selling or buying a home while in the military can be confusing. Finding and moving into a new home can be exciting, but the process can be stressful and overwhelming, especially in the short term.
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Fortunately, military families benefit from access to additional resources and some special benefits to make the next change of station easier.
Military home buyers can access VA loans, a powerful program that can help you buy a home with no down payment, personal insurance coverage (PMI) and reduced requirements.
If you are buying or selling a home while in the military, we recommend that you contact a good real estate agent in your area. We recommend to friends at Clever. Clever operates nationwide and can match you with top local agents who can help you sell your home for as little as $3,000 or 1%. If you're a military home buyer, you can earn 0.5% closing cash in 42 states!
Clever connects you with top-rated local dealers who offer full service at low pre-negotiated rates. You save thousands of dollars and pay 1% per listing! In addition, buyers in 41 states and Washington DC can earn 0.5% cash back at closing.
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Here is a list of resources created for those selling or buying a military home.
The Relocation Assistance Program provides support to military personnel and their families. This includes planning assistance, advice, referrals and how to maximize the benefits of moving.
A relocation specialist can help answer questions like housing, transportation, household goods, education, even employment and child placement.
Moving can be expensive, but fortunately, there are free financial planning resources for military personnel and their families.
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The best option for buying a home while in the military is using a VA loan, which allows you to buy a home with no down payment and no personal insurance.
When comparing the interest rates of VA loans to other loans, the rates are sometimes higher. In particular, payment of VA funding is required. This rate varies based on many factors, but if it's your first VA loan and you put less than 5% down, the VA finance rate is 2.3%.
If you're buying a home and in the military, ask your real estate agent what mortgage is best for your situation. VA loan terms may prevent you from purchasing a particular home, so it's a good idea to work with a real estate agent to consider what you should consider.
If you are willing to buy
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