Comments on: thinking of buying a house but it needs some work done to it.?

By: Armani

Armani — Sat, 13 Feb 2010 14:50:59 +0000

First question, how long has the sellers been sitting on this property, are they in a hurry to sell? If they are desperate give them an offer of 89,999 if they accept when you have the appraisal done ask for the seller to give you credits, that will lower the purchase price buy whatever it is that needs to be repaired. Also this could be an important investment if you can fix it up and sell it even if you plan to live there for a while fix it up and sell for a profit. Ive flipped three pieces of real estate and all of them have been purchase significantly under asking price and have sold for over100% of my investmant. Good Luck.
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By: Jon S

Jon S — Sat, 13 Feb 2010 14:05:59 +0000

The seller will never get what they don’t ask for, so asking $115 is fine, but you as a buyer should never pay more than it is worth. Figure out what the house is worth with the work done to it and subtract the cost of the repairs. Add some for a margin for error and there is what you should offer.

The sellers may say no thanks, or they may counter your offer to what ever number you do offer.

Good luck with your purchase
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By: onlinejobsforall.com

onlinejobsforall.com — Sat, 13 Feb 2010 13:34:59 +0000

dpends upon the age of building .check out at http://realestatepropertynews.com/buy-a-house.html
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By: Blue October

Blue October — Sat, 13 Feb 2010 12:44:59 +0000

nothing wrong with it at all. i would start at $85K…it will give you room to work with in negotations.

good luck
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