Posted by ron on March 25, 2001 at 24:27:15:
First, thanks for the post I appreciate it. My foundation estimates were legimate estimates from contractors who gave us estimates the 12K was from the sellers estimate for the minimum amount of repairs.
today I had 3 roofing contractors come out and they all told me the same thing the concrete singles must go and the cost to fix the improperly installed roof is 10 to 12K
so my #'s are off alot to what is needed. I came up with the 5K selling cost b/c I was really intending to live there but wanted to look at it as an investment not as a retail purchase so that I dont overpay for it.
Consequently, will all of the new info we will be renegotiating the purchase price down to at least 142K to compensate us for the additional repairs that need to be done.
We originnaly offered 140K
The seller may balk at lowering the price and just want to continue renting the home until he can find a buyer who can get him close to teh 160K he said was his rock bottom, but if so we can live with that and keep on moving. I dont was to buy his problem and not be compensated for it.