Do an assessment record search online. (Freebie)
Ask the owner to contact insurance company and request a C.L.U.E Report (Cost to owner)
Ask the owner how much she pay for her monthly water bill. (Freebie)
Contact the local fire department for last inspection (Freebie)
Talk to her neighbors. (Freebie)
Google to see if home is in a flood zone. (Freebie)
Special Note: A home is only worth as much as someone is willing to pay for it.
Your home inspector /Hvac, will give you an idea as to the condition.(Cost to buyer)
Take the initiative(s) and Good luck.
If you choose to, you can request a home value report on the home you are looking to buy. Just go to our website (http://wwe.iwaniw.com) and click on the Home Value link. Complete as much of the info you know and we'll provide a market prive fir the home.
Sicklerville Residential Marketing Specialist
Joe Wiessner Realty, LLC
What did your agent say?
Besides, there aren't any houses listed in the 08081 zip code listed at 122,500 AND none of the information you gave will help anyone tell you what a reasonable offer would be.
If you don't already have an agent (and did not look at the house with an agent) I'll try to help if you call me.
Let's turn this around. Is there a better house in a similar neighborhood, or a similar house in a better neighborhood, that you can get for $122,500? And if so, why not leave this one alone?
You CAN ask to inspect the home before submitting an offer, but the down side is that while you're inspecting, somebody else may be negotiating. If you negotiate first, subject to inspection, at least you've tied the property up for a few days.
Again, your best course of action is to work with a Realtor who has experience with this to help with troubleshooting for information, inspections, repairs, negotiations, and market analysis. If you buy without a lot of this information, you won't know until after you buy if you have a "diamond in the rough" or a "money pit." Not a good way to find out!
Your agent should give you listings of comparable properties so you can make an informed decision and present a reasonable offer.
If you need an agent that will educate you in the local market, give me a call.
Laws and contracts vary by state so only rely on a local experienced agent you trust to help you through the process.
All the best to you.