Posted by Shane (N.C.) on April 21, 2002 at 22:46:12:
Here are the details you asked for. The house is a 3br, 1ba, vinly house in a little neighbourhood in a small town. It was built in 1980, it’s only 1,124 squ. ft., and it’s on a half an acre lot. The house is a foreclosure taken back by the bank, but a real estate co. has it that is about an hr. away from here, so they don’t really care that much about it, they just want to get rid of it, they don’t even have a for sale sign up in the yard. House has 2 yr. old windows & vinly, it only needs some paint and carpet. Asking price is $60,000, a few thousand less than a month ago. I’m figuring at the most $5,000 to $6,000 on cosmetic stuff to get it looking presentable. Houses in that area sell in the low to mid 70’s. I’m thinking about offerring around $43,000 and may go up to $47,000. What do you think? Is this a bad deal, should I offer more or less? What is the best back up plan if I can’t sell? Please give me some input!
Thank you, Shane