Skip to main content

Trying to figure out a fair offer. Any advice?

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!

submitted by /u/haperochild
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/l96roj/trying_to_figure_out_a_fair_offer_any_advice/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/