We're working on that same little project right now. Waiting oh-so-impatiently to hear if the bank will accept our offer. Three weeks and counting... (Short sales can take a long time, I've been warned.)
Three pieces of advice: 1. If you haven't yet, go ahead and get your Letter of Eligibility from the VA so you have it on hand when the lender asks for it. 2. Home Buying for Dummies! Buy it, read it! It's been invaluable to me. It isn't going to make you a complete expert but it gives a good idea of things like what questions to ask and what to look for when viewing the house. (And no, of course not, this isn't supposed to be any sort of derogatory comment on your IQ. The for Dummies series of books are, IMNSHO, some of the best primer-type books ever written.) 3. When you submit your first offer (there's a decent chance you'll have to submit offers on a few different houses before one's accepted), just keep breathing. Apparently I turned a bit green when submitting our first offer. I know that inside I kept thinking something along the lines of, "Holy crap, holy crap, holy crap!!! A quarter of a friggin' million dollars?!?!?!" *chuckle*
Good luck on climbing out of the Rent Pit of Despair!!!
of course, you also have Amy and myself to happily help since we've both been there, done that.
Us, a little after we refinance and spiff up the house with some cosmetic work we're gonna sell this bitch and find a better house. Aah, the stupidity and pit-falls of a first-time home O_o
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branchandroot
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Date: 2009-07-20 06:50 pm (UTC)Three pieces of advice:
1. If you haven't yet, go ahead and get your Letter of Eligibility from the VA so you have it on hand when the lender asks for it.
2. Home Buying for Dummies! Buy it, read it! It's been invaluable to me. It isn't going to make you a complete expert but it gives a good idea of things like what questions to ask and what to look for when viewing the house. (And no, of course not, this isn't supposed to be any sort of derogatory comment on your IQ. The for Dummies series of books are, IMNSHO, some of the best primer-type books ever written.)
3. When you submit your first offer (there's a decent chance you'll have to submit offers on a few different houses before one's accepted), just keep breathing. Apparently I turned a bit green when submitting our first offer. I know that inside I kept thinking something along the lines of, "Holy crap, holy crap, holy crap!!! A quarter of a friggin' million dollars?!?!?!" *chuckle*
Good luck on climbing out of the Rent Pit of Despair!!!
no subject
Date: 2009-07-20 08:05 pm (UTC)I'm turning slightly green about the whole process.
no subject
Date: 2009-07-21 01:22 am (UTC)Us, a little after we refinance and spiff up the house with some cosmetic work we're gonna sell this bitch and find a better house. Aah, the stupidity and pit-falls of a first-time home O_o