Kriss unfortanately what the seller paid for it especially in 1973 doesnt affect todays value or what you should offer. You need to base your offer on todays value. You should have a buyers agent who can assist you, in most cases there is no cost to you as they get paid from the listing agent the fee offeed in MLS at closing. This way someone will be looking out for your best interest and can assist you in finding out what similar units have sold for and are on the market for so you can get what todays value is and base your offer on that. good luck with your purchase.

HI Kriss,

Because I am not a licensed Real Estate Agent in CA, I don't have access to the information that you need in order to make good real estate decisions. However, heres one piece of information that may help you. As a teacher, you are able to buy government owned homes at 50% off the listed price & with only a $100 down payment. Call me for more details or click on the link below.

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PAUL WELDEN
Buyer' Agent REALTOR
HomeSmart

That's a tough one Kriss and we all understand where you're coming from when you mention a tight budget. I would say your best bets to determine what is a fair and reasonable offer is to look at the comparables in the area - see what similar homes have sold for in the recent months and go from there.

If you're working with an agent they would be able to provide you these comparables and give you some guidance as to how much you should offer, what you should ask for in ways of concessions, etc. They'd also be able to find more accurate comparables since currently it is pretty difficult to obtain really good comps from public online resources. If you're not working with an agent I'd highly recommend it - since you're a homebuyer you don't need to pay them any fees, they'll be making their compensation from the sale of the home. They do have a duty to serve you and your best needs, but hopefully you can find an agent you feel with whom you can feel comfortable and confident.

I know it isn't an actual value but I hope this helps in determining the final offer figure. Do let me know if you need any help! Best of luck to you.

Ellen