Posted by JohnBoy on February 21, 1999 at 17:16:07:
Is the place still a wreck? Does it need any repairs? If so, how much will they cost? Purchase price is $34,900, what is the property really worth? Have you checked comps on other properties in the neighborhood?
What are your plans if you buy the property? Live in it yourself? Hold as a rental? Lease option it? Resell it at a higher price? Seller finance it to someone else?
What does a property in the same condition rent for in that area?