<prompt> Human: Sorry for the long winded post, just wanted to include as much detail as possible.My sister recently found a nice house in our neighborhood. Its a 2 bed 1 bath with a nice front and a rather large back porch. Also has a separate unit in the back that public records classifies as an unfinished detached garage, but its tiled and has some counter space, and possibly a bathroom. Its big enough to be a small studio apartment in my eyes.Well, it turns out they want 39,000 on a short sale. The house is foreclosed on the by the bank, who are the ones selling the house. Would they take an offer of less than the asking price, or should offer what they are asking?Ill be calling my bank on Monday for a loan, who Ive been with for at least 3 years now. I would be able to afford 5 down, and I dont want to wait to save more money in case this house ends up getting sold.Real estate agent said part of the floor was buckling. My father said it probably only needs a couple of the wooden things yeah I dont know the term under the house that keeps the floor stable not the foundation. Im having a friend of the family who knows a heck of a lot about repair work check it out when I make an appointment to see the inside of the house.The real estate agent lives kind of far away, so she wanted me to get pre-approved from a bank before she makes the drive to show me the house. Is this normal?I have a 750 credit score according to CreditKarma and am 23 years old, so I should be able to get a good interest rate, right?Im interested in any and all answers, suggestions, advice on everything including what do do with the detached garage if I do get the house.Assistant: What is your income and what is your debt? What kind of advice are you looking for? Human: I make about 500 a week. Have worked for this company since beginning of last april. Not sure what I should be asking.EDIT: My only debt is about 70 dollars on a credit card. Ive been working to pay off everything I owe. No student loans or anything to pay off.Assistant: You make 26k a year? It doesnt sound like you make enough to cover any emergencies that would befall you while living there, even if you got approved for the mortgage. You cant depend on a roommate to cover rent, they could bail on you at any time and leave you with bills to pay and no money to cover it.My opinion is dont rush. Save up a lot more money before you consider such a massive purchase.Human: I already pay 400 a month where Im living, and I have plenty of money for food and other expenditures. The cost of living isnt very high where I am. Assistant: the difference is, when you are renting, and the furnace dies, you just call the landlord to take care of it. when you own, you have to come up with the money to repairreplace.typically you will need a larger emergency fund when owning, than when renting.Human: Dont need heat where I live. Its summer 90 of the year.EDIT: I know thats just an example, but I have a lot of handy friends that would trade repair work replace shingles, etc for a couple cases of beer.EDIT 2: Theres also a sense of urgency brewing in myself as well to move out. I am the last kid of 3 who has not moved out yet, and am turning 24 in May. The clock to start life is ticking in my head.  <response>: ok, replace furnace with ac. was just an example of one of the emergencies you could have. 