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Reply to "Escalation clause...yes/no?"
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[quote=Anonymous][quote=Anonymous]I wouldn't get emotionally attached unless you really want the house. Then do what you have to do. Having an all cash offer helps and the fact it needs work also helps as many people wouldn't want to do that work... unless you're a developer who could flip the property and have it up for spring market. So factor that in. Also, the fact it is for sale in the fall helps as many people don't want to move their kids (that is how we bought our home in a vert competitive market). Also, $150-$300K does not sound like enough in 2024. If the inside hasn't been updated in 40+ years you can assume water, gas, sewer, plumbing, electrical lines are all old and you might need to do a "to the studs" renovation. Maybe not, but take into consideration you may pay more for a renovation and if you have the $ just do it right![/quote] +1 Do you love the house? Does it have good bones? Do you love the street?[/quote]
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