Posted by Jim Locker on January 09, 2001 at 08:43:15:
$35K in repairs does not match up with “Damage is quite extensive”. $35K translates into one or possibly two rooms burned out, and probably very little roof damage. By the time the smoke damage is cleaned up, the carpeting replaced, those rooms fixed, and everything painted, you are through that much money.
It could be the owners have settled with insurance and took a lump sum payment. Depending on the policy, the company, and the details, this might have happened.
You can make any offer you want to make. If the owner takes it, well then OK.