It might be pretty tough with that score. However, you should meet with a certified mortgage planner and let them to review your credit history and suggest ways to bring the score up. There also could be some errors in your credit file that are hurting your score.... more
It depends on the age of the home, acreage it is on, location, location, location, updating, appliances and what similar homes have sold recently, nearby. At just under $100/sq ft, it certainly could be worth it.
You can get a real estate agent's opinion. Also, keep in mind that most sales are subject to appraisal, unless you are paying cash. No lender wants to be stuck with a property they can't resale in an emergency. This protects you from overpaying.... more