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bying a home

i just interviewed for a job at the state correctional prison and should know in two weeks if i got it. if i did i would be interested in looking into buying a home. 3 bdr 2 ba need a view of a lake for boating. looking at 1500-2000/month va eligible have some cash. good credit.
  • June 23 2012 - Lancaster
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Answers (2)

Work with a Real Estate Agent. Find a full-time Realtor. Your realtor's commission will be paid by the seller upon closing. Find a realtor who is successful at negotiating transactions and specializes in representing buyers. Beware using someone who works in real estate as a hobby, even if it's a family member or friend.
Proof of Financing. So you can show a seller that you already have the cash to buy, or that you can obtain a loan, this is valuable when the seller receives multiple offers. Get a pre-approval letter from a lending institution.
Requirements. List all the features you want, including location, school district, size, type of kitchen, garage, yard space, etc.
Looking at Houses. Discuss your list with your Realtor. Go online and look at homes. Choose 3 that you like most, and then ask your Realtor to set up showings. It often takes a few viewings to find the right home.
Make an Offer. After a couple of home viewing trips, you will usually find a home you like. If you can imagine yourself living there, then that's a good sign that is the property you should write an offer on. Work with your agent to come up with an asking price. Work with your Realtor to make an offer. The seller will respond in one of three ways: an acceptance, a counter-bid (giving you a number somewhere between your offer and the asking price), or declining by sticking to their original asking price. If you can agree on a number, you'll sign a contract and be asked to put down "earnest money."
Property Inspection. Once an offer is accepted, schedule a property inspection to make sure there are no hidden defects in the house. Your Realtor can help you find an experienced inspector and schedule the inspection with the seller. A good Realtor will be at the inspection with you, usually 2 to 3 hours, but it's worth your time. You will learn a lot about the home as you walk through it with the inspector. You will get a report from the inspector. Your realtor should review it with you and may recommend any remedies to ask from the seller.
The Closing. The last step. Your realtor will schedule the closing with a title company, which handles all the signatures and paperwork between you, the seller, your lender, tax offices and the realtors. The title company makes sure that the property you are buying is free and clear of any liens and record your deed with your county's Auditor's Office. Most closings take 30-90 minutes.
  • June 23 2012
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So what is your question? Can you buy/How to buy?
1. You need to talk to a lender in your area.
2. You need to speak with a real-estate agent
You may be jumping the gun, so to speak. You need to have a steady work history~do you?
How much is "some" cash? 
How much you put down, and what the interest rate you qualify for are what will determine the monthly mortgage payment. You will also need to consider the taxes and any assessments that you may be paying monthly, as well as any HOA fees or other expenses that relate to the home. 
You will need to get completely pre-approved to figure out what you can afford, then go at least 5% BELOW that figure to not stretch yourself too thin. Good luck
  • June 23 2012
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