Posted by Jason Cottier on February 25, 1999 at 17:52:18:
Hire an independant appraiser to work for you not the seller and make him “painfully aware” of the “poor” overall condition of the units. May cost you a couple hundred dollars, but if your serious in acquiring this property it is a powerfull tool.,
Get a contractor to give you an estimate of repairs. Even cosmetic costs money. Present this to the owner to demonstrate the “need” for a lower price to be reasonable. Your repair bill should reflect generosity on your part. ie: repair bill + offer = more than List Price.
Does this help? Let me know how it works. If you need a good “revenue broker” in your area, let me know and I’ll give you a good referral.