Is there a particular question about first time home buyer programs that you have? If not, that I recommend that you connect with a loan officer like myself so we can discuss different first time options such as FHA, VA, USDA, etc. The best thing for you to do is to speak with a knowledgeable lender to see if you can get started on financing a new home. If you need additional assistance, feel free to reach out. Good luck!
Sr. Mortgage Banker
NMLS # 659743
Home warranty companies can be an added benefit so long as you know what to expect. Most warranty companies will give their "Screened and Approved Service Technicians" wide latitude in determining if there are "modifications" necessary to complete the repair. Modifications are not covered by the policy and therefore become the responsibility of the policy holder. Most service techs suggested by the warranty company feel as though they are under compensated for their labor charge and seek to find "necessary modifications" which can be billed directly to the policy holder.
If you do choose to purchase a policy, I recommend using their service technician to diagnose the problem but then take the "Cash Out" option. The cash out option will normally include parts and labor for the job. Once you have cash in hand, find your own reputable company (ie, anyone but the recommendation of the warranty company) to complete the repair. You should expect the process to take about 2 weeks before you can begin the repair; so keep that in mind if you are renting the property.... more
The appraiser usually asks for a copy of the sales contract, so yes it is legal. If you think about it there is no better tool to determine the market value of a home than when you have a written sales contract. This shows what someone is willing to pay for your property and what you are willing to sell it for, which is current market value.