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At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
Here are 8 things veterans can do to make their VA loan offers more competitive and more likely to be chosen by a seller: Always include a pre-approval letter with your purchase offer. ... Write a letter to the seller explaining why you want to live in their house. ... Consider offering a larger amount of earnest money.
How can I get a seller to accept my offer with a VA loan? Add a personalized letter. ... Offer above the asking price if you can. ... Put down more earnest money. ... Ask your loan officer to vouch for you. ... Be flexible. ... Get creative. ... Have your agent contact the seller's listing agent.
One Percent. Flat Charge. In addition to the ?itemized fees and charges,? the lender may charge the veteran a flat charge not to exceed one percent of the loan amount.
VA Purchase Agreement Checklist At the very minimum, the purchase agreement should include the terms of the sale, including the buyer and seller information, property details, price, and financing information. A useful inclusion is contingencies that must happen for the sale to go through.