From a buyer's point of view, I imagine the NACA Program looks pretty darned cool. Bad Credit? NACA don't care. Don't make enough money to meet income requirements? NACA don't care. Haven't got a down payment or closing costs? Hey, NACA don't care.
From a seller's point of view, the over-the-top requirements from NACA concerning the condition of the home can be fairly wild. I can see where selling a new home would work. An older home? Well, I reserve judgment on that.
Of course, my seller and have only this one bad experience to talk about, which means it's doubtful I will ever see another. You can read more in my personal blog today at this link: What You Don't Know About the NACA Program But Should.
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.
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Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.