My fiance and I are looking to buy a house that's down the street from his mom's. His mom's house is a ranch style home, and was appraised at $150K, drive-by. The house we're looking at is a two story and a REAL fixxer-upper. It's a bank foreclosure and has been sitting for about a year and a half. The realtor said it's going for $100,000. Would we be ignorant for telling them that we'll give them $55-$60K for the house?
The house is in need of a new roof, updating (still has shag carpeting in some rooms), and just general housecare.
Also, because my credit isn't the best, would it be dumb of me to try to get on the loan WITH my fiance, who has great credit? Or should he just get the house on his own?
2006-06-26
06:16:33
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8 answers
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asked by
Rock Goddess
3
in
Renting & Real Estate