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PSH October Newsletter: VA Loans & Fixer Uppers

Updated: Jan 12, 2021

VA Loans and Fixer Uppers…What’s the Deal?

The financial crisis has resulted in dramatic changes to the way mortgage lenders look at the value of the homes they are willing to lend money on. One of the more significant is in the interpretation of property condition reports provided by appraisers. If you are purchasing a home using a VA loan guarantee, the VA controls the appraisal process, and has empowered their appraisers to perform some home inspection functions. While the appraiser won’t inspect the electrical system, or test the furnace, he or she will state the obvious and apparent defects with the home. BLUF…the home must be livable, and must not have any maintenance issues that could cause the property to decline in value.

If you are interested in purchasing a fixer, there are ways to make it happen. Whether or not you are getting a VA loan, get an experienced Realtor. One who does enough business/has enough experience to know what to expect from an appraiser in various situations….and one who knows the intricacies and challenges of rehab loans. A less experienced Realtor may not be able to help you assess your fixer accurately, which could result in paying for an appraisal on a property that cannot be financed. It happens all the time…

Phil Sharp Homes has the APP for that!

Here’s what it can do…

  1. Find Listings using your mobile phone with a fast and easy user interface.

  2. Find Open Houses near your location.

  3. Search the entire database for WA properties for sale with your custom filters.

  4. Search up to a 20 mile radius from your specified address

  5. Save Favorites with easy Facebook, Google, Yahoo! or your current online account login. You can also create a new login.

  6. This is the best part…Using the same login, your account favorites, saved listings and settings will be the same on your computer and phone.

  7. Scan the QR Code with your phone, click the QR Code to see it in the Google Play store, or search Google Play for PSHomes Search to get the Android APP.

You can scroll 100 results at a time with no reloading. Easy input sliders help you focus your search on the features you want in the area you want. You are able to see photo’s, share listings, get school info, see Google Map Views, and all the features of the home. Contact phil via phone or email contact form to answer your questions or get help on a listing. You can even search foreclosures!

<QR Code to, will work on iPhone, iPad, Blackberry, Windows or any portable device! Don’t forget to bookmark.

Don’t Forget the Free Stuff!!!

Get a Relocation Packet, Care Package, Relocation Sponsor, Foreclosure Listings, Updates and More! Find the FREE STUFF Link at Visit the Relocation Dept. at for more information. The FREE Relocation Packet has great area information from the Chamber of Commers, JBLM, and more. Sign up today and it will be shipped to you FREE via USPS.


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