Hey y’all, I was wondering how I might come up with a fair offer for a home I want to buy and use as a primary residence. The home is listed at $21,900 and has a few minor repair issues my mom and I have been talking out. We know flooring is going to cost roughly $1880-$3000, and work on the unfinished basement may go up to $6,000. We know that there may also be minor repairs needed on the roof, siding, the ceiling of one room, the attic, and the stairs but those are dependent the snow clearing, and measuring certain things (because the cost either goes by linear foot, square foot, or another precise measurement).
I really like what I’ve seen and the potential to make this home very comfortable, but I have a few questions:
- Given the estimate cost of repairs, what might be a fair offer on this home?
- The tour we had was virtual, so we were unable to see one room and the basement. What might we be able to do to determine if we need mold abatement services, new insulation, inspection of the foundation? Would this affect the kind of offer we are able to give at first?
Any advice is welcome, thanks!
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source https://www.reddit.com/r/RealEstate/comments/l96roj/trying_to_figure_out_a_fair_offer_any_advice/
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