Military Families Struggle to Compete in Hot Real-Estate Market

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Military members and veterans hoping to buy a house with a VA loan are struggling to compete.
Misperceptions about the VA loan are putting military buyers at a disadvantage to conventional offers.
"We're going to lose every time," said one broker near the Fort Bragg Army base in North Carolina.
Real-estate agent Melissa McHarney was told to make an offer on a house in Durham, North Carolina, for $60,000 over the asking price.
She told her client, who was using a government-backed home loan provided by Veterans' Affairs, that it wasn't a smart idea financially. The client told her to do it anyway.

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