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FHA Los Angeles-Which Sellers Should the FHA buyer target?

Sep. 19, 2011

 

FHA Los Angeles-Which Sellers Should the FHA buyer target?

Traditional, Bank Owned or Short sales? While FHA is a great loan with excellent terms (3.5% down, seller pays up to 6% of closing cost) it can be challenging to find sellers that will accept your offer. Why? Because when you are competing against other buyers who have larger down payments and less restrictive loan terms, hands down the person with higher down payment and leaner terms almost always wins. So, there must be sellers out there who will take your FHA offer right? Well there are. And in this video you'll find out who is more likely to accept your offer, a traditional seller, an REO/ bank owned seller or short seller.

Don't find yourself in the same boat that many Los Angeles first time home buyers find themselves in, going after the wrong sellers or making unrealistic offers. Many first time buyers are going at it completely unarmed and losing several "good fits" before finally getting their offers accepted. Or worse...ending up with no home at all.

Don't give up, Stephen Munson of Munson Realty offers his expertise as a FHA Los Angeles specialist working primarily with first time home buyers. For help finding your FHA approved home or condo contact us at 323-216-9671

Presented by FHA Los Angeles Realtors-Munson Realty

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GetInTheHouse

Pasadena, California

I’m Stephen Munson & am originally from Wichita KS. I've in So.CaL for 20+ years & was born 1968. I've practiced Real estate for 9ys.

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