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First-Time Homebuyer Needs advice (Buying from Family)

Long-story short,

Grandfather's dying and I'm looking to purchase his home for my parents. The home is expected to cost $100-130k. (I have a more accurate number but keeping it broader for....reasons). I'm also omitting the state for privacy, I hope that isn't a huge deal.

I've never purchased a home before or even entertained the idea and looking for advice. I'd like the responses to focus less on the "Can you afford it? What's your income?" and more looking at the steps I should be taking or the questions I need to be asking.

Have done a lot of reading, but I still don't know the steps I should take. When do I hire a real estate attorney, inspection company, or even a title company?

Anything helps at this point.

Some of my main questions/concerns are below:

I wasn't planning on using a relater since I already have the home picked out. I understand that especially for a first timer, it's nice to have someone else to set up all the appoints (i.e., appraiser, titling company....)

I've gotten a couple pre-approval done, but it was an interesting process. One told me to put down at least 30% to get lower rates. The other told me not to put down too much (stick with the 20%) because my loan would get denied due to closing costs being too high.

I won't be living in the house, so the companies looked at it as an investment property, but I was told that it could be a second home. I live about 300 miles away and will visit more than 14-15 days a year.

submitted by /u/Snap89
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source https://www.reddit.com/r/RealEstate/comments/zpu3yv/firsttime_homebuyer_needs_advice_buying_from/
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