You need to do your homework on the property and have a knowledgeable Realtor assist you. You also will need your prequalification letter from a lender if you are doing financing. If you are paying cash, then just proof of funds availability. A Realtor will help you write the offer and walk you though the process.
The gift money for the down payment is not a problem. You lender will want a letter from the person giving you the money. The letter will show it is a gift and not expected to be repaid. - Sun Dec 13 2009, 05:20