I have never bought a house. I'm looking at buying one. I'm anxious. The local moms regularly post on social media asking about anyone getting ready to sell because the market is that hot. I am not sure what I am getting into or what I should be ready to do.
I've read some basic info but I need tips you can't find in a blog post. I'm not great at negotiating. I don't know what is worth giving up in a hot market (asking for closing costs to be covered?) and what I should definitely not budge on (appraisal?). Other questions:
How do I know I've got a good deal?
How fast do I need to be ready to act?
What's contingent vs under contract vs pending?
If we are "under contract" and my mortgage loan is delayed, I'm good because we are "under contract" correct?
I'm looking at using this program. A couple years ago the reviews seemed mostly positive. The more recent ones less so but it seems largely because the company has had trouble scaling to meet demand. Have you heard anything about this program?
I don't have 20%. I could have 3.5% maybe, but I'm hoping to use first time buyer programs. Will the need to use those mean that I'm slower than everyone else and can't get anything decent?
What do I need to know that I don't know I need to know?