While I can appreciate your question the thing you have to understand is that showing you the homes is just one phase of the transaction. The negotiations are crucial, the due diligence is crucial, the process from accepted contract to closing can be very intensive and often times if the agent is a good agent it will feel like a very "easy, simple" task when in all reality they are the conductor of a huge symphony in a sense. You do get what you pay for however. I have had clients who I have show 2 houses to and I have had clients who I have shown 15+ homes too and I worked equally hard throughout the transaction. Your best bet is to find a good agent who can get you a great deal and wont have to cut their commission for their hard work and expertise.
My recommendation is to get a thorough pre qualification done with a lender. There are multiple factors when pre qualifying a potential buyer. Also here in El Paso we have a few great options for bond programs (which are essentially down payment assistance programs). Once you speak with a local lender they can confirm if you can qualify and for what amount. If you need some guidance in both choosing a local lender and looking for homes that meet your criteria feel free to contact me. I am a local REALTOR out of El Paso, Tx.
Please contact me for more information. I can send you to a local lender where they can give you an in depth look on all of your options based on your finances and go over what the best route for you to take would be. I can also provide you with my first time home buyer packet which allows you a deeper look at what to expect during a real estate transaction!Heather HarmstonKeller Williams Realty
(Removed by Zillow moderator) A REALTOR in the area. They have access to CURRENT market data and far more details regarding the property in question as well as comparables in the area. This information can help you whether you are looking to negotiate an offer or put your home on the market. (Removed by Zillow moderator)Thanks!Heather HarmstonKeller Williams Realty
It truly depends on your whole financial picture. The lender will dictate the flexibility of your personal information/finances. However there are some lenders that do qualify at a minimum 580 score. Now this being said usually your other factors have to be very promising...Low debt to income ratios, employment history, additional funds in the bank. All of those can come into play. Good Luck!
You can, however because Texas is a community property state this would potentially mean that each individual owns 25% of the property. You can however use a co signer with FHA and as far as loan options go you should be ok. The tricky part comes in when you look at the title information and ownership of the property. But it is possible!
I dont get offended when anyone asks about rebates. I haven't had that personal experience as of yet however if someone were to ask me, I would show them a list of my services and ask them which ones they do not need me to fulfill. That way I can decide if that particular clients needs can be met or not based on what they are requesting. No matter the experience level of the homebuyer, the actual home buying process is very similar once a contract is in place. Maybe the search portion is different but more than likely your still going to want to view properties that the agent will have to show you themselves just like a not so savvy homebuyer. There can be challenges even with the most seasoned buyers who are on top of there own file.
I would ask your agent what the typical time on market for your area is. They will be able to get you that information to give you a realstic idea of your market. Is it a buyers or sellers market? In my opinion you need to be even more competitive if you have gotten decent feedback and no offers. Consider a price reduction.
In all honesty it seems as though you want someone to represent you however you went with the listing agent who decided to take down some of the commission, probably thinking you were going to get a better deal. If an agent represents the seller as a client she/he cannot represent the buyer as a client. They can however represent you as a customer. Upon disclosing the relationship you can either choose to work with the agent or get your own agent. That listing agent, however will always have the seller's best interest. They cannot provide the full services they would with a buyer. You are being represented but as a customer and not a client. If you feel cheated in some way contact the broker, if that doesn't work you can try a lawyer.
If neither one of you has an agent the chances of closing are somewhat unlikely. Has either of you had experience in negotiating, contracts, escrow, etc? I would suggest working with an agent on your behalf.