Posted by Melissa (CA) on March 14, 1999 at 18:34:34:
Good questions. I asked the realtor and he’s checking tonight. He said that some of the properties around there have gone for over $100K. We haven’t discussed the terms, but it’s been on the market for 5 months and has fallen out of escrow twice (due to divorce, etc.) I get the feeling that this buyer is really motivated and I can get a good cash price on it.
I also asked what it would take to rehab it, and the realtor said that he got a figure of $2000.
Thanks for the followup. Any more questions/suggestions would be appreciated.