I own a house in a small town. The house is in good shape. It could use some sprucing up and the like, paint, cleaning, a few simple repairs. I have checked the listings on it and it is listed at $87,900 to 93,700. The area is currently growing as a new company is coming into the county. Another company is interested in the house, they want it for out of town visitors/business persons to have a place for extended stays. They have made me an offer of $75,000. The gentleman that I have been speaking to about it has said that this is their one and only offer. He has also said that the repairs to the house would be too much for them to put anymore than this offer into it. He is considering more than just some sprucing up. They want to gut the place and start over. I feel like any extravagant replacements/repairs are on them. I really want to sell, but would I be a fool to accept 75 K? They will pay cash and all of the closing costs. Or should I see if their final offer is not so final and see if they will come up a little. I would be willing to meet them in the middle. They have one other option which is to build on some land, there are not a lot of choices in the area at the moment. I'm just really at odds on what to do and could really use some sound financial/real-estate advice. For those that answer me, thank you so much...in advance.
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source https://www.reddit.com/r/RealEstate/comments/vjijyh/need_to_get_an_honest_opinion/
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