Let me backtrack for a second. Market price for a house will vary depending on the area you’re looking to buy in, the size of the house, and the SOLD (not sale) prices of houses in the area (same street/same block) within a recent 3-6 months.
Purchase price $165,000
Down payment $5775
Closing costs (seller paid via negotiations) I happened to find a motivated seller who needed to sell the property as part of an estate. This made negotiating much easier.
•earnest money (a deposit on the contract to demonstrate your intent to buy)
•Title search/attorney fees
•Lender fees (credit pull/loan origination)
•Avoid hard credit pulls during the process if possible
•Keep you debt low
•Make friends with your lender and realtor
•Be prepared to walk away from a deal that doesn’t make sense
•Don’t fall in love with the property until you close