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Reply to "Buying As-Is and Price/Competition in Alexandria or Arlington"
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[quote=Anonymous]A question for those of you who have experience in buying an as-is property and price, competition and how much a reno would cost and what would be involved: I've been seeing homes in my target areas of Alexandria and Arlington that are in As-Is condition and priced in the $700-$800K range. How likely are homes in such condition likely to go close to asking? Right now I'm in HGTVland dreaming of what could be. I have no idea how much it would cost to renovate a home that is 1500-2000 sq ft that needs reno from top to bottom, how much time it might take and what the pros/pitfalls are. Also, as a superstitious person, how can you find out the history behind a house beyond current crime reports -- i.e., is the home in the condition it is because of a frightening event, etc? Any feedback from your experiences, would be great. Thanks! [/quote]
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