I am trying to buy a home in a fairly small community south of Houston. My options are (obviously) buy new or old construction. I have found a victorian (built in 1930) home that is rather cute, but it has flaws. It needs AC, leveling, and some construction work (i.e. it needs some walls torn out and put up because it's laid out weird and is separated into a duplex). They are asking 130 for it, but I don't think that with as much work that needs to be put into it, it is worth that much money (appraised at 89), especially when you can buy a move in ready home for the same price. To top it off, the owner, who by the way is a realtor, is lying about what she paid for it, and sugar coating how much work she has honestly put into it. When we offered her 95, she said no; asked her how much she would take, she said not really any less than what she was asking; confronted with repairs, it's not her problem. What I need to know is if I am being reasonable with my expectations.
2007-03-15
04:07:48
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9 answers
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asked by
agkwatson@sbcglobal.net
3