So my lease for my apartment is up toward the end of this year, and now that I can work remote, I’m thinking of moving somewhere less expensive and finally buying a home. Can anyone with experience give me advice on the process or resources I can use? Not only am I a total noob, but I don’t talk to my family and my friends aren’t homeowners either, so I’m not sure where to start. Googling presents me with so much info that I’m a bit overwhelmed.
The only thing I’d like to add that hasn’t already been mentioned is that depending on how hot the real estate market is in your area, realtors may push the idea of you waiving contingencies when making offers. There are some contingencies that are safer to waive in some cases, like the appraisal contingency (if you’re sure the home will appraise for the amount of the loan at a bare minimum). However, do not waive inspections. If you have the option to pay a little more up front to do more detailed inspections, you should do so. You might end up out a few hundred bucks, but that’s better than tens or hundreds of thousands if you get a house that needs surprise sewer or foundational work.