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[quote=Anonymous][quote=Anonymous]OP here again. Ok, we're knee deep in the research of this thing and I'm thinking that it's just more than we can handle, but my husband feels like he wants to see it through to the logical end. The realtor has agreed to let him bring a friend who is a contractor to see it, with the understanding that after this we need to submit an offer to bring in anyone else. It sounds like even though they are listing as-is they expect people will want some contingencies but you never really know until you try.

Financially it looks like we could borrow more than I thought and my husband thinks we should offer a little less than asking. I have made it clear that living in the house during the first wave of cleaning/repairing is a no go for me, so we would stay in the rental until our lease ends.

For those wondering about the house, I'll just say that it's the not the one someone suggested it was. As far as teardowns, there has historically been a real ceiling in our neighborhood in terms of what people are willing to spend and the few houses that developers have torn down have sat for a while and eventually gone for the same price as the nicest updated originals. So that's why I say it's not a great return on investment for someone just looking to flip it, they're not going to walk away with all that much if they start from scratch. For us it's different, because the return is that we get a house we can (maybe) afford in a neighborhood we love and thought we were priced out of. [/quote]

You could do a contract with a 10 day (or however many days) contingency period to allow you to have contractors come in. We bought a house under conditions like this in Maryland, sold as is, no warranties or representations, but we asked for (and the seller agreed to) a 10 day contingency period where we could cancel for any reason and then if we didn't pull the contract went hard. This allowed us time to have a contractor, mold inspection, well inspection (has a well), septic tanks, etc.  You could try this route too. [/quote]

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