The wife and I put in an offer on a house this past Monday. The house is a short-sale and therefore we will be forced to wait an excruciating amount of time before the bank responds to our offer. I hope we get it because it would be a great deal, but at that same time, I know we could find something else if this falls through. In the meantime I am learning lots about frugality that will help when the mortgage payments start coming due.
Any tips for a first time homebuyer?