Information For Military Homebuyers

Found 55 blog entries about Information For Military Homebuyers.

What Housing Grant Options Are Available to Veterans?Everyone who has served the U.S. military and dedicated their lives to help preserve freedom deserves thanks for all they've done. After separating from service, veterans should be supported as they transition to civilian life. One form of support for veterans is grant awards. Many veterans know about VA Loans, but they don't realize they might be eligible for additional grant awards. A housing grant is a monetary award to go towards any type of mortgage that doesn't need to be paid off, which helps military homebuyers budget for a house. Keep reading to learn about six housing grant opportunities for veterans.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate

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Military Families: What To Do If You're Late on Your MortgageSometimes challenges arise that result in financial woes that may put homeowners in a situation that makes paying their mortgage a problem. This can be an issue for current servicepersons and military veterans who can experience permanent life changes with little to no notice.

However, there are assistance programs that help first-time military homebuyers and long-time owners get back on track with mortgage payments.

The Department of Veterans Affairs or the official lender may be willing to work with mortgage holders who risk losing their homes to foreclosure due to financial shortages. Keep reading to find out what military members can do when to catch up when they're late on mortgage payments.

For informational purposes only. Always consult

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How to Manage Investment Property While Serving in the MilitaryActive duty military members often find the best housing option for a Permanent Change of Station is to buy property in their new location. However, when PCS orders arise again in a few years, they must sell or rent their homes. Many military homeowners often tend to hold onto their houses and keep them as investment properties while on active duty. They find several benefits to maintaining ownership.

Owning a rental home offers a steady stream of passive income and provides a potential living option when they separate from service or retire. The problem military homeowners face, since they are absent landlords living in a new area or deployed for long periods, is how to manage their properties. Continue reading to learn about the best ways to

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Finding Housing When Military Waitlists Are LongMoving frequently during a military career means routine housing changes. When it comes time for a permanent change of station (PCS), many service members pursue on-base housing. Depending on the location, there could be long waitlists. Housing waitlists can add unnecessary challenges to the moving process. However, there are ways that military members can avoid waitlists and shorten the time spent on housing waitlists. Keep reading to learn what steps to take if a base has a long waitlist for military housing.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Make Housing Decisions Quickly

Service members should decide their housing preferences quickly

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Tips for Active Duty Military Buying Homes While OverseasMilitary members often wonder if it's possible to buy a home while on active duty. There are some challenges of remote home buying, especially when the military member is stationed overseas. Finding the right home in the right place can be difficult. Fortunately, buying a home while overseas on military orders doesn't have to be as hard as it may seem at first. Keep reading to find five tips to make it easier for active-duty military members to purchase a home while abroad.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Hire a Real Estate Pro Experienced with Military Home Buyers

A real estate professional in the intended area of purchase can serve as

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Biggest Mistakes Veteran and Military Home Sellers Biggest Mistakes Veteran and Military Home Sellers MakeWhile selling a home can be the start of a new chapter in life, fast-paced military owners' moving timelines can push people to make hasty decisions during the selling process. Whether moving into a retirement community, upgrading to a new home, or buying a home while on active duty, several challenges during a home transaction can postpone those plans.

Delays and postponements can easily lead to making rushed decisions and mistakes. Keep reading to learn about some of the most common pitfalls veterans and current military members experience during their home-selling processes.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Selling a Home Without

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Why Work with a Military Relocation Professional (MRP)?Buying or selling a home is stressful enough for civilians, but there's an extra level of complication for military personnel. They may have to make a decision and close a deal on short notice. If they're buyers, they may not know much about their new community. They don't know how long they'll live in their new home before the next PCS.

If buying a home while on active duty, the buyer might not even be in town for open houses, the VA-approved inspections, and all the essential activities that lead up to a home sale. That's why they should strongly consider working with a Military Relocation Professional (MRP) such as the Military Home Search team. Keep reading to learn how MRPs can help military homebuyers.

For informational purposes only.

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Determining When it's Smarter for Military Members to Buy vs Rent a HomeAs plans come together for a permanent change of station (PCS), military members are faced with making housing decisions. There is no one-size-fits-all answer to this question as everyone's circumstances are different, but there are definite situations when it makes the most financial sense to buy instead of rent. Keep reading to learn why it's sometimes better for active-duty military members to buy a house instead of renting one.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Renters Are Already Paying a Mortgage; It Just Isn't Theirs

Military individuals or families who rent homes are already essentially paying a mortgage—they're paying off their

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Which Is Better: DITY or Government MoveOne of the few certainties in military life is frequent moves, often with little notice. When it comes time to go to a new location, many military members will choose between having the government handle the move or doing it themselves. Many are drawn to a do-it-yourself (DITY) move because the government will pay you to handle the move yourself. But, the move itself can be complicated, and there are many potential drawbacks to consider. Keep reading to compare and contrast DITY moves and government moves.

Things to Know About DITY

Do-it-yourself (DITY) moves are now known as personally procured moves (PPM). However, DITY is still used colloquially. Many people are drawn to the idea of managing their move because they think that, financially,

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Information First-Time Military Homebuyers Should KnowMany people have the luxury of time when buying a house, but active-duty military members sometimes have to make a quick decision. Whether having recently joined the military, having years of service, or getting ready to retire, purchasing a home can be a great investment, but it can also create some challenges when getting deployed at a moment's notice or a permanent change of situation arises. Considering investing in a home at a new duty station? Or perhaps separating from service and looking to settle down? Keep reading to find five things first-time military home buyers should know.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

The Pros and Cons of

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