Congratulations. A few things though, what are you buying the house for? Will the note be more then 20 percent of your take home income? If so pass. Steer away from the zero down loans. If you can’t put money down you’re likely not in a good position to purchase a home. A good rule of thumb is 20 percent down to avoid PMI fees, but I don’t think that Va loans require mortgage insurance. Get acquainted with the neighborhood. Drive around during different periods of the day. Find out why the seller is leaving. Occasionally it is to get out of a mess in the house. Don’t overbid in a saturated market and never fall in love with the house. If you decide to go with buying it don’t hesitate to request repairs, insurance, and appliances like the refrigerator. Good luck
Got the home inspected as well as had a few guys drop in to work on some minor fixes to the house today. The inspector found a few good items, but said overall the house is in better shape than most homes he inspects. Very few items compared to his usual reports. Then the contractors working on the house echoed the same thing a little while later saying its on very good condition especially considering its age.
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