This is SOLELY dependent on your purchase objectives.
Are you to live in the house?
What is your purchase time frame?
Will you be financing this purchase via VA or FHA?
How much down payment?
Will you be renting the house? (investment)
Are you planning to flip?
Do you have the resources or skill to do the repairs and updates?
Are you intending to rebuild?
Not knowing the answer to these questions, l can only provide the formula for NEVER buying a house.
1. Obtain tax assessed value from public records.
2. Determine what owner previously paid. (public records)
3. Get the Zillow guess or Trulia value or Bank of America's evaluation.
4. Which ever is less, subtract 40% of the value.
5. From this number, deduct any costs for making this home 'show room' perfect.
6. Add a pile of contingencies such as inspection, financing and best of all, "Must Sell" and you got the perfect formula to be a lifelong home hunter.
Unfortunately, many folks paid those 'late night infomercial' folks their hard earned money to become lifetime home hunters. If your strategy resembles the above, you really need to evaluate this plan.
Add a few parameters to your question and the potential for meaningful responses from which you can take action becomes much greater. Otherwise you are left with:
BE CONTINGENCY FREE
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL