Possible First Deal? Need Opinions, Please. - Posted by Steve (FL)
Posted by Steve (FL) on February 01, 2000 at 11:53:35:
SFR built in 1949 (vacant)
2br, 1ba, 3rd room could be br; 1372 sq. ft.
1 car detached CBS garage
Good roof, asbestos shingle siding
possibly furnace (don’t know if it works yet; has window unit a/c)
new switches, outlets and (1) ceiling fan
could use new windows, too
Lower income neighborhood, but in “historic distric” and safe. Asking $99,900. FMV on after-fixup $115-$120K.
I figure $8K on repairs. Offer $75K, seller pays all closing costs; contingent on title, inspection, etc. Don’t know about the existing fin. yet, but I’ve been pre-appr. for $100K. (Comps. range from 85-95 per sq. ft.)
Whaddya think, gang? Thanks.