Get a pre-approval letter. Then decide on the location and price range you would like to buy a home in. Once you have made those reasonable choices. Check the market and see what Fair Market Value is for homes. My other suggestion. Get with a Real Estate agent. They can often direct you to homes that are in pre-foreclosure, foreclosure, bank owned or short sale. Your best bet for your money is right there. Tho sometimes you might have to sacrifice specific location. You will be able to get a home you might not be able to afford otherwise. Once you have a real estate agent. They will be able to help you take the steps needed to make and offer and buy a home.
If you dont have an agent, but you have found a great home. Talk to the selling agent. Sometimes they are so eager to sell, that they will drop their percentage, in order to get the seller to agree to taking a lower offer.
at 8:42 PM on Apr. 12, 2010