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12-27-2008, 12:12 PM #1
Renter
- Join Date
- Dec 2008
- Posts
- 1
First Time Buyer (South Florida)
Hey all,
Been reading as much as i can. I was looking to rent in the next month or so, but i just realized that with the market the way it is it would be a way better idea to try and get into a house.
I'm 23 years old I currently have $10,000 saved but don't have the best credit so that worries me. My mother and i were talking and she said she would be willing to co-sign. she has just about the best credit a person can get. But would i still qualify for a first time buyer if she co-signs?
Should i be looking at foreclosures? Who should i speak to? I was looking at ffs.foreclosure.com but i read here a bunch of times that it's better if to approach the owner before it goes to auction.
Also what are some things to look for , how do i know what's a good deal and whats not. Any suggestions would be greatly appreciated.
I plan to keep reading as much as i can, and will keep the forum updated with my progress.
Thanks!
-Maze
Last edited by MazeMiami; 12-27-2008 at 12:16 PM.
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12-27-2008, 01:24 PM #2
Fixer Upper
- Join Date
- Dec 2008
- Location
- Apopka, Florida
- Posts
- 40
Try for a single family home, not a condo. Meet many neighbors before you buy.
Prices may trend lower by the end of the first quarter. This could be a great time to buy with prices and mortgage rates so low.
Good Luck
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