Posted by Natalie-VA on May 22, 2006 at 08:43:27:
Their asking prices are not what the value is. You should research sold comps in the area to figure out what the real value is. You also need to know how much the repairs will cost and how much your financing will cost. If you don’t have the cash to buy it outright, you’ll need to work on lining up some financing or a partner.
I know it gets exciting when they reduce the price by thousands of dollars, but it may have been overpriced by thousands to start with.