You really should call a couple different lenders/banks to see if they offer any programs in your area that help with down payment assistance. There are definitely types of loans out there that don't require you to have a down payment though.
Make sure the agent you chose knows the area you want to buy in. Also make sure it is an agent that understands first time buyers and their concerns. Having an agent that can teach/coach you through the whole transaction will give you piece of mind. Ask friends and family who they have used and if that still doesn't lead you to the right fit go to the reviews of the Zillow agents in your area and see what others are saying about them. Feel free to interview different buyers agents to make sure you are compatible. Good luck and happy house hunting :)
Buyers can walk away at anytime during the transaction. They will lose their Ernest money if it is for any reason other then a major defect though. Sometime legal action can be taken depending on what state you live in.
Ask them for their average days on market for each listing. You will be able to see if one agent has had there clients reduce, reduce, reduce just to get the listing upfront. Lots of agents will tell you a higher price then your house demands and then have you keep dropping the price. Some agents will tell you spot on what you should list it at and not have to do any reductions. Have last years agent send you her price now and see what the differences are.
It might take a week or so for it to populate on Zillow. If you have an agent that listed it for you they could call in a couple of days if you don't see it pop up.
You could see if you could find an agent to help you do a land contract. You have enough cash to put down. And after working for a year you could get a small loan for the rest. This might be your best bet. Good Luck.
It depends on the type of loan you are doing. FHA requires a 620. There are some lenders that can go down to 580. Since you are so close to the needed score ask if they could do a quick credit repair. Sometimes they can add 10 points to your score within a month. Depending whats on your credit score. definitely call a lender they can help you with this.
I assume the reason she is telling you this is because it is a newer listing. Here in Indiana we have bidding wars on most properties. I would suggest this to my client if that was the case. However it is not a HUD rule that you offer full price. If it is a shortsale then the price has to be approved by a bank. Sometimes the agents will set that as the list price, because they know the bank won't take anything less.
I am an Indianapolis agent, but I send clients of mine to Linda Dore with Remax Synergy.... Everyone has been happy with her services so far. Good luck!!
You need to have a Realtor run comps on the area you are interested in buying a lot. If your looking downtown they are roughly in the 30-40k range the farther north you go the more expensive. If you are on the southside the lots are more likely 65-75k, but it all depends on the exact neighborhood.