You should offer what the property is worth. Or a bit less, depending on your negotiating strategy.
What the owners paid for the house is irrelevant.
When the owners bought the house is irrelevant.
The age of the house is irrelevant.
The needed fix-ups are relevant only when you know what the house is worth. Otherwise, they're irrelevant.
How many houses you've bought is irrelevant.
What you like or don't like about the house is relevant only when you know what the house is worth. Otherwise, that's irrelevant.
See a pattern here?
Hope that helps.... more