What REALTORS Need to Know About VA Loans | Erin Ward

🚀 Could better understanding VA loans change how you serve military families and see the role of a REALTOR? For buyers, sellers, and real estate professionals, misconceptions about VA loans and REALTORS can make an already complicated transaction harder. Military families face unique challenges, making knowledgeable REALTOR guidance especially valuable. On the REalizations Podcast, Andrea Gordon, a top-producing Bay Area REALTOR and host of REalizations Podcast, talks with Erin Ward, a Virginia REALTOR, real estate team leader, and Glover U coach. As a military spouse for more than 20 years, Erin shares how her experiences shaped the way she serves military families and other real estate clients. The conversation covers VA loan misconceptions, the Tidewater process, Reconsideration of Value (ROV), changing local markets, real estate team growth, coaching, and Erin's approach to helping clients and agents build better lives. Andrea also explains why improving REALTOR perception and showing the profession's community impact are central to REalizations Podcast. 💡 What You’ll Learn: ✔️ How VA buyers can navigate appraisal challenges through the Tidewater process and ROV. ✔️ Why common misconceptions about VA loans can affect military homebuyers. ✔️ How market conditions vary by location and price range, and why accurate pricing still matters. ✔️ How Erin helps agents grow through coaching, training, masterminds, and knowledge sharing. ✔️ How real estate professionals can guide buyers, sellers, investors, and agents through their real estate journeys. ✔️ Why REALTOR perception matters and how agents contribute to clients, communities, and the broader economy. 🔎 Key Questions Answered in This Episode Q: How does the VA Tidewater process work when a home appraises below the contract price? A: The Tidewater process lets agents submit additional comparable sales when a VA appraisal does not support the contract price. Q: Can you challenge a low VA loan appraisal? A: Yes. Erin Ward explains that VA buyers have two opportunities to challenge value: the Tidewater process and a Reconsideration of Value (ROV) with supporting comparable sales. Q: What is a Reconsideration of Value (ROV) for a VA loan? A: Erin Ward explains that an ROV allows a veteran to request a review from the VA when they believe an appraisal is incorrect, using supporting comparable sales. Q: What should real estate agents know about VA loans and military homebuyers? A: Agents should understand common VA loan misconceptions and the unique circumstances military families face when buying a home. Erin Ward’s experience as a military spouse shaped her approach to guiding military families through real estate transactions. Q: How can real estate agents adapt to a changing housing market? A: Erin Ward explains that market conditions vary by location and price range. Accurate pricing can still generate offers, while other properties may stay on the market longer and give buyers more leverage. ⏳ Timestamps: 📌 0:00 - Intro 📌 0:42 - REALTOR Perception 📌 2:07 - Military Life to Real Estate 📌 3:47 - VA Loan Misconceptions 📌 5:33 - How Tidewater Works 📌 6:06 - Reconsideration of Value (ROV) 📌 7:09 - Virginia Market Update 📌 10:04 - Building Wealth Through Real Estate 📌 11:52 - Growing a Real Estate Team 📌 12:38 - Glover U Coaching 📌 14:51 - LPT's Definition of Success 📌 16:54 - Erin's Coaching Journey 📌 20:01 - Work-Life Balance & Growth 📌 23:17 - Connect With Erin Ward 🎧 Hosted by: Andrea Gordon 👤 Guest: Erin Ward is the CEO and founder of HRVA Homes, a top-producing real estate team serving Hampton Roads, Virginia, and a business coach with Glover U. 💼 Connect with Erin Ward: 🌎 Website → https://hrvahomes.com/ 📘 Facebook →   / realtorerinward   📷 Instagram →   / realerinward   🔗 LinkedIn → https://www.linkedin.com/in/erinlward... 🎙 Follow Andrea Gordon – REalizations Podcast: 🌎 Website → https://andreagordon.com/ 📘 Facebook →   / andreagordonrealestate   📷 Instagram → https://www.instagram.com/andreagordo... 🔗 LinkedIn →   / andreagordonrealestate   💎 Produced by Icons of Real Estate -https://iconsofrealestate.com/ #REalizationsPodcast #AndreaGordon #BayAreaRealEstate #OaklandRealtor #EastBayRealEstate #BerkeleyRealEstate #SanFranciscoRealEstate #RealtorLife #RealEstatePodcast #TopProducer