ANYONE HERE A REALTOR???

[odieoh24]

well, as i posted before, i'm in the beginning stages of ending an 11 year relationship. i need to find a place for myself and my dogs. i'm looking at renting a place of my own, or a roommate scenario. the rental option without a roommate is what i'd prefer, but its gonna probably put me in a position where i cannot save any money or put me out in the sticks. i'm now considering just trying to buy a place on my own. i can come up with between $9k-$11k in the next few weeks for sure to use as a downpayment, and probably another 5-6 if i can sell my truck and the aprilia. if there are any realtors or mortgage people on here-with a 571 credit score and $17k for a downpayment-what are the chances of getting into a place that cost in the 100k-110k range?? i realize there are alot of other variables in getting an actual number, but i wanna know if i even have a chance. if anyone can shed any light on this matter, i'd really like to hear what you have to say. if you've found yourself in a similar situation chime in as well. i know some people may not want to disclose financial info but i'm just exploring all my options. your input is greatly appreciated and i thank you in advance.

later odieoh24

[DuncanMoto]

Wirelessly posted (BlackBerry9000/4.6.0.297 Profile/MIDP-2.0 Configuration/CLDC-1.1 VendorID/102 UP.Link/6.3.1.20.0)

That credit score will be tough.
Get a pre aproval first before you do anything else.

[DuncanMoto]

Wirelessly posted (BlackBerry9000/4.6.0.297 Profile/MIDP-2.0 Configuration/CLDC-1.1 VendorID/102 UP.Link/6.3.1.20.0)

20 percent down will give you a better chance too.

[ilikenapalm]

From what it sounds like, you'll only be financing $80,000, which is awesome. Your monthly payment should be no more than $600 after property taxes, assuming a 6% fixed interest rate (actual payment without taxes= $480). So yeah, buy your own place. Its forced savings. Also, if the mortgage broker tries to give you shit about your credit score just tell him you'll gladly take your business elsewhere.

I'm not a mortgage broker, but you should definitely be able to get 6% fixed. If you have any more questions, ask away and I'll try to help.

Oh yeah, I am actually a realtor.

[BLACK SQUIRREL]

Where are the $100,000 Houses?

[LaRNZ]

Where are the $100,000 Houses?

no where around here

[MysteriousR1]

Where are the $100,000 Houses?

You would be suprised. I am looking for investment properts and great opportunitys pop up all the time. If I was looking to buy them to live in, I would have bid on a few more.

[nt650hawk]

I was going to mention the BLACKEST SQUIRREL. It looks like he chimed in.

[richw]

We need an area

here in eastern CT you can get small houses for the 100k range

[obsolete]

Area? I think sheds go for more around here.

[2talltlr]

RI is a completely different animal for many reasons, property values are one of them

[Billy]

100K property?!?!?!? Never seen or heard of that before. When I looked 3 years ago the cheapest I could find was like 190K but it was either a dump or in a bad area. Good luck.

[fjrrider RI]

Just some advise from a fellow divorcee. There may be a few 100k properties in OnleyVill, West Warwick or Coventry RI. Friends bought a cheap house in W. Warwick a few years ago. With all the forclosures on their street thier property is now worth less than their loan-oops may loose the house this year. The house is very nice by the way but small. Take it from a guy who's been there done that and wait till you have a 20% deposit (as some else suggested) on a $150k house at least. I had to wait three years and live in a shit hole but my new place is still worth almost double. Just take in borders to pay the rent, duplex's are great but expensive. Good luck.

[Stoneman]

Where???

[DuncanMoto]

100K property?!?!?!? Never seen or heard of that before. When I looked 3 years ago the cheapest I could find was like 190K but it was either a dump or in a bad area. Good luck.

Actually Ashland has had its share of $100k-$150k houses in the last few months.

[Billy]

Actually Ashland has had its share of $100k-$150k houses in the last few months.

They super small houses/need a lot of work? Back in 2007 (not quite the full blown recession) there was nothing on the market that cheap that didnt need a lot of work.

[markbvt]

The OP is in the Burlington, VT, area.

I don't know of any $100k houses around here either, unless you go across the lake to NY. Even small condos are going for $150k-ish around here, last I checked.

Odieoh, I guess it depends how far out you're willing to move. You might be able to find something cheap out around Johnson or Bakersfield or someplace... but probably not THAT cheap.

--mark