Found a house and was not looking

[DINK]

Hi,

Yesterday I happen to come across a house that me and my fiance fell in love with. We are going to see it today, and the realtor that we are dealing with (a family friend) told us that the seller is ready to go and if we like it make an offer.

Thing is we haven't been looking. We have not been pre-approved. In order to do this we wouild need a 0 down payment mortgage. How hard is this to get from a bank? We were planning to buy next year, we have no debt, except our car payments and make over 100,000 together. Would they consider both our salaries if we are not married yet. We are getting married at the end of the year.

If anybody has idea on how to go about this, or needs more info please let me know. We are scheduled to see this house (in NY) today. I would like to know if we even stand a chance before I go see it. It is hard researching on the web regarding this stuff, the only thing that comes up is Quicken Loan info, and I am reeaaallly skeptical about anthing they say. They make it seem way to easy.

Thank you,

DINK- w/ yorkshire terrier.

[stock_post]

You did not mention wich state you are in?

If you are in Texas or MI, you are welcome to send me a PM about the Home Loan. (Will get you a Zero down loan)

At the same time, I like to know the price of the House as well.

Thanks

[DINK]

This is in NY.

From preliminary talks with the realtor the house was apprasied at $400,000. The asking price is $388,500. She states that if we like it we should make an offer today. The seller wants to get out and move to FL. What would be a reasonable offer, if we do decide and try to buy a house now?

I think that if we like the house we would go straight to a mortgage company and see what we would get approved at.

I don't know maybe it is too soon...

Update #'s had them wrong. Sorry.

DINK

[Alpharetta]

Sounds like you have a bit of a pushy REALTOR. Of course they want to sell - they have it for sale! Take your time. Ask her to provide you with a market analysis. An appraisal is worthless unless it comes form the lender you are using for your loan and your lender ordered the appraisal. Any other appraisal is irrelevant. More important would be to find out what homes similar to the one you are interested in sold for within the last six months. Your market analysis should include quite a few things. Read this article (http://www.realestatewebmasters.com/blogs/ryan-ward/738/show/)and make sure all of this information is included because it is all important and you need it to mkae the correct decision.

[OregonLO]

a zero down mortgage should be easy to obtain. Do you kow what your credit scores are? You shouldn't have a problem as long as you have decent credit scores.