The biggest concern that sellers have today is the financing of the prospective buyers of their home. This is also the number one issue that causes deals to fall apart.
As an agent, I am here to tell you that 0 down loans are not a bad thing, in fact they allow good people to get homes that they would otherwise not be able to afford. However, the loan should not put the borrowers into a situation that is dangerous or uncomfortable.
As a prospective buyer, your first step should be to ask yourself what you feel comfortable paying a month towards your mortgage. Second step should be to talk with a certified mortgage broker, so they can qualify you for that amount and tell you what price home that that affords you. If you do not know one, talk with your real estate agent and they are bound to know several good ones.
The biggest mistake that some people make is thinking that they can afford a certain price, go out and look at homes in that price range and fall in love with a home. Then they talk with a lender and find out that they can only afford a lower price, which more than likely will either mean smaller or more run down homes.
Talk with a lender first. It will save you a lot of hassles in the end.
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