|
I have found a bank owned property that is need of alot of work. The property is listed at $159,000 which is great for the neighborhood, however, the house is probably a complete gut job, with about $50,000+ in needed repairs (drywall, roof, dryrot, termite damage, broken windows, etc...)It's been on the market for 8 months w/ not one single offer. My question is.....if I go in w/ an offer of $80,000-$100,000 will the bank laugh at it or is there a possibilty they will consider given the work that needs to be done. I'm a first time home buyer and don't know if I should waste my time. Any comments will help!
Reply
|
