If we get a realtor, who pays them? Do we? The seller? etc
Usually split between realtors from sale. Your realtors rate can be negotiated if realtor is willing.
Do you really need a buying realtor?
Dont have to but they do have additional resources and experience.
How long does the average closing take?
We closed on our first home in 24hrs, however we were pre approved and I inspected my own home.
What downpayment do most lenders require? The last time I checked, 3.5% was what we were seeing.
Depends on lender, we payed zero.
What would you guys do differently if you could buy your first house again?
I would have forseen the future and bought now when houses are cheaper
If you bought a condo for your first place, do you regret it? would you do it again?
I have a few friends who did and all regretted doing so.
Any other first time home buying comments you have would be great. Just trying to get people's input so we can make the best decision.
Use a good inspector and ask questions. Ask him how old and in what condition major items such as windows, the roof, hvac unit are in and how long til they need replaced.