Need house buying insight. Buying for dummies?

[Denny]

Get a realtor. The buyer pays realtor fees for both sides (buyer & seller). You would be best off to have 20% down (no PMI) + closing costs. If you don't think you will have 20% down, then look hard at your budget and reconfigure some things for the next 2 years. Ex: live in an apt? - downgrade and put extra $$ in savings.

here is a link with some info:
http://www.hud.gov/offices/hsg/sfh/buying/buyhm.cfm

Not necessarily (even if you did mean seller). Anything can be negotiated at the table... who pays closing, realtor fees, etc.

[yellowstang]

This is still a good time to buy a home, in 2 years we may be "recovered" and prices and interest rates are up.

[Real Estate Nate]

Not necessarily (even if you did mean seller). Anything can be negotiated at the table... who pays closing, realtor fees, etc.

splitting hairs again?

Denny is kinda right : )

[Denny]

splitting hairs again?

Denny is kinda right : )

I couldn't resist.

[Lone Sailor]

Call Real Estate Nate.

This.

Yup, call Nate - and also get pre-approved with a lender (use referrals for that too).

And talk to this guy for lender q's and/or pre-approval, etc.


Btw, I still need to email you on that.

[347Mike]

Avoid Bank of America. True story.

[SVT Lurch]

Btw, I still need to email you on that.

Haha, I'll be here. Thanks for the kind words.

Avoid Bank of America. True story.

Unless you have 193 days to wait on a house (short sale) only for them to sell it to someone for 10% less than your offer. Also a true story.

[Real Estate Nate]

Haha, I'll be here. Thanks for the kind words.

Unless you have 193 days to wait on a house (short sale) only for them to sell it to someone for 10% less than your offer. Also a true story.

U know how the game is played!

Hey, pm me your cell digits!

[Lone Sailor]

U know how the game is played!

Hey, pm me your cell digits!

Or he'll take cougar's digits if that's all you can find.

[Real Estate Nate]

Or he'll take cougar's digits if that's all you can find.

another True story! : )