Home Buying Advice
I am looking for any and all advice related to home buying (first home). I am in Pennsylvania, outskirts of Philadelphia. I am in the market for a new home and I guess I can afford something between 350 and 400 K based on my calculations.
I have 20% down payment (about 75 K) with me and I in general understand the process in the following steps.
1. Get pre-approved (Question here is, how do I get the best rate from banks, what are some strategies shopping around)
2. Work with a realtor or without, I was looking at Redfin and it seems like they do give a small % of the commission back towards closing costs.
3. Give an offer, if accepted proceed with home inspection (how to find a reliable inspector?)
4. Give the details to the bank to have the home appraised and then work with them to get the funds and move towards closing.
I am not looking to buy something really old, I would prefer something build in the last 10 years or so. I guess this might end up being my forever home since I don't think I will be able to move out and afford a single family home and with the budget I have I guess finding a decent single family home in a good school district might be a challenge as well.
I would appreciate any advice from folks here.