This market is soft especially in that price point, my suggestion if you are interested in the home make an offer and negotiate to see where the seller's bottom line is. Its amazing how much more sellers are willing to negotiate now. My general rule is 5-10% under to see where you can meet. In order to find the real price-range I would have to personally view the property and run comps.
Save, wait, fix any credit problems that you may have. It's always a cycle, and soon enough 5% down will be a reality again and hopefully you may be able to buy your home then.
Are you thinking of buying this home? renting it to buy? Do you have a lender?
Just some things to think about.