<CF_DELURK> By all means - get a buyers agent - they are sort of "on your side" even tho they get paid out of the commission on the sale of the house they will help advise you on some of the ins-and-outs of a home purchase.
Also, regarding the mortgage guy...it wouldn't hurt to hear what he has to say but I wouldn't listen in a vacum - shop around for the different types of loans. The buyers agent should help you with this. FHA isn't necessarily a bad deal - don't know what state you are in but here in Virginia, we have the VHDA as well - a quasi-state agency that can help low to moderate income folks get into a house with some pretty creative loans - my wife and I went with what's called a "step loan" - interest rate incrementted by .25% each year for the first 3 years and then leveled off. This really helped with our payments because they started off lower for the first year and allowed us to qualify for the loan. Lot's of painful details to consider but also one of the smartest ways to spend money you will ever find. don't let the seller push you around. </CF_DELURK> -----Original Message----- From: Beth F [mailto:[EMAIL PROTECTED]] Sent: Wednesday, May 29, 2002 4:34 PM To: CF-Community Subject: Re: first house questions... LOL! WAIT I meant BUYERS yes, you should get a BUYERS agent. They are specializing in helping buyers sort out all this and getting you the best price - and the fee is paid by the seller - the buyer and the sellers agents split the commission. If there is no buyers agent the sellers agent gets the whole commission, thus he is pushing you to work with him. ----- Original Message ----- From: "Jon Hall" <[EMAIL PROTECTED]> To: "CF-Community" <[EMAIL PROTECTED]> Sent: Wednesday, May 29, 2002 12:22 PM Subject: Re: first house questions... > So you are saying I should get a sellers agent? ;-) > Thanks though, I didn't know there was such a thing. > > jon > ----- Original Message ----- > From: "Beth F" <[EMAIL PROTECTED]> > To: "CF-Community" <[EMAIL PROTECTED]> > Sent: Wednesday, May 29, 2002 4:12 PM > Subject: Re: first house questions... > > > > > All of you guys have so much worldy experience, maybe you guys can > > > help...I'm buying my first house and I just learned that I've been > > > preapproved for my mortgage, but I was wondering, are houses negotiable > > like > > > cars, or should I just take the asking price? > > > > It depends on the market in your area. Get a sellers agent - they will be > > able to help you. > > > > > > > Also I am just working with the mortgage guy that the person who is > > selling > > > the house refered me too, and I'm sure they are running some sort of > > > deal...they all are (damn capitalist pigs!). Is this a good idea, or > > should > > > I hunt around for different mortgage guys? The house guy is saying > > "another > > > agent" is showing the same house, and I get the feeling he is trying to > > rush > > > me...gives me bad vibes. > > > > Get a sellers agent. > > > > > > > Last question, the mortgage guy keeps talking about FHA loans and I have > > no > > > clue what they are, but it sounds governmental, and I don't want the > govt > > > hosing up my house. Anybody have any advice, or info about the FHA > thing? > > > > You might be able to get an interest rate discount using an FHA loan. Get > a > > sellers agent. > > > > > > > > > ______________________________________________________________________ Structure your ColdFusion code with Fusebox. Get the official book at http://www.fusionauthority.com/bkinfo.cfm Archives: http://www.mail-archive.com/[email protected]/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
