Ask grandfather for a family loan. Offer grandfather a note at 8%, more than he's getting in CDs so he can justify it as teaching you the value of money. Then, pay him back each payment extra and early! After 18 payments refi while rates are still low.
if he won't finance home, will he gift you 5% Down?
Contact me above
You can still find some good deals for that budget.
Let me know if you would like me to send you some listings for you to view.
I am sure you are aware that in Florida, you do not pay the agent a commission if you are buying or renting.
Real Estate Agent
It is very difficult to get a house for that price unless you are looking to buy on Homestead. You can used the $100,000 as a down payment. The first thing you need to do is to contact a lender of your choice. You can also get a loan with a private lender if you have a low credit score.
The buyers that are getting the better deals are very active; and they have a good Realtor. Prices are on the rise for now. Give me call and I will help you all the way.
Good Luck in your House Hunting!
Miami Premier Realty
To address that very issue, I've just completed my nearly 30 page Florida Home Buyers Guide.
You will be taken from evaluting priorities, to finances all the way to the closing table. When you understand the process, know who is fullfilling what role and what YOU should be doing, the process becomes less intimidationg. Ask for your digital copy.
The most effective and efficeint use of your time in the home search process is to use the most reliable, accurate, relevant and timely resources available. That would be the Multiple Listing Service. Gain access to the local MLS through one of the agents responding to your questions who services the area in which you have interest. Using aggregate websites to find a home is an exercise in futility. The good stuff will be gone BEFORE it appears on aggregate websites.
Give a local agent a call...if you are serious.
No, don't click that 'contact' button.
No, don't use those email links.
Call, if you are serious.
Best of success to you.
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
First talk to a mortgage broker or your bank to see exactly how much it will cost you. If you are paying cash, find a REal Estate Professional in the area you would like to buy. If you are looking in the South West Florida, I would love to be the one to help you.
Suzanne has directed you to the first esseential step you have to do. Talk to a competent local officer, unless you are paying cash, before you start house hunting. This will give you an idea of how much is your estimated monthly payment based on the types of residential home that fits your needs.
Moreover, the loan officer can advise on different options available to you.