Ok, I started a new thread because I wanted to speak to the good home buying advice.
The good thing is this place isn't a Ponzi scheme:) It was built in 1986, the year I moved to town, and I have known many who have lived there. Ellie, I will definitely get a home inspection. Ex and I did that with the townhome we bought. A couple hundred bucks, well worth it, and everything was good, thankfully. I believe they also allow a certain percentage of renters too.
The other good surprising news.... my dad is no up on board he has been going nuts doing all the leg work. his cousin was a real estate broker in our area and knows all the right people and my dad got 2 mortgage brokers and spoketo them yesterday. The real estate agent has been servicing my area for 25 years. From what he gathered, I will be paying less than rent in total, including paying back the loan to my stepmother. I am not going to pretend like I can afford more than I can, I have a limit I refuse to go past.
The real surprising part is my dad is set on getting me in one in the next 6 months! Possibly before the end of the year! I was a little shocked, but hey, it would be great. I'm so grateful for their support. I've been moving so much, it would be great to settle in and call a place my home.
I'm going to do this the right way, with all your advice. Luckily my dad studies this stuff and I can trust him to guide me in the right direction. He's a very safe kind of guy when it comes to money so I can trust him.
