Asked by Charlie, 92108 • Sat Aug 21, 2010
Bch Co? I am going to offer on a unit that needs 25K work to make right added to their asking price of 89K would be too much as the values still drop monthly. The last sale in this development 8 months ago for $115,500. There are a couple straight resales listed for 115 -125K and I'm sure they won't bring near that amount. This will be the last purchase for my wife and myself as I am 57 and on Disability. My wife just went back to work after 19 years at home with the kids. The last has 1 year left at U of F and will teach. Qualifying I can only use my credit and income. That would be a 100K note, this Homepath deal is 3% down and we have the money for that and closing so the offer I want to make is 70K from their 89K 25K for renovations. I would bet when done it wouldn't appraised for much over 100K, if that. Will Home Path Negotiate?
With my offer, if accepted and with my wife's income not considered in the loan but used in our expenses we can pay off in 8 years. Would they work on
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