Trying to get an idea of value of house to buy that needs quite a bit of work.

My landlord of 17 years contacted me last week about buying the house I am in in Beaverton, OR. House was built in the 60’s, 1050sqft, 3bd, 2ba, smallish lot.

The house needs quite a bit of work, needs new roof, gutter, underlayment, facia boards, some of the rafter ends needs to be replaced, new carpet, new linoleum, new appliances, gutter drain to street plugged, deck falling apart, some of the plumbing needs to be replaced (getting plugged up) , probably a couple trees need to be removed. Basically in the time since I moved in the landlord has done almost nothing.

They want me to make an offer and I am really not sure about how to figure what that should be. A real estate friend of my BIL said about $460k based on others selling but those all look to be in much better shape, recently renovated, etc.

What is a way to figure out the value? This is the worst possible time for repairs with the supply chain issues and inflation blowing up the cost of everything let alone the relatively high interest rates.

submitted by /u/jbiehler
[link] [comments]

My landlord of 17 years contacted me last week about buying the house I am in in Beaverton, OR. House was built in the 60’s, 1050sqft, 3bd, 2ba, smallish lot. The house needs quite a bit of work, needs new roof, gutter, underlayment, facia boards, some of the rafter ends needs to be replaced, new carpet, new linoleum, new appliances, gutter drain to street plugged, deck falling apart, some of the plumbing needs to be replaced (getting plugged up) , probably a couple trees need to be removed. Basically in the time since I moved in the landlord has done almost nothing. They want me to make an offer and I am really not sure about how to figure what that should be. A real estate friend of my BIL said about $460k based on others selling but those all look to be in much better shape, recently renovated, etc. What is a way to figure out the value? This is the worst possible time for repairs with the supply chain issues and inflation blowing up the cost of everything let alone the relatively high interest rates. submitted by /u/jbiehler [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!