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Updated about 8 years ago,
Please help me and tell me if I am making the right decision
Hi Guys,
I am really worried if I am making the right decision. This would be my first buy and I am planning on living in the property for a number of years (less than 5), but my concerns are the current owner does not want to do any work to the property. He is not even willing to budge from the asking price of $190k, the property is based in North Hollywood. In the same complex other similar properties a few months ago with better conditions sold for $180k. I think I would need to invest $10-15k (estimate) to get it up to scratch. It is a one bed condo with low HOA. The inspector said there was only minor things that need to be fixed (like curvature in the bathroom wall due to moisture hitting it, main door warn out, appliances are really old, tiles are cracked, uneven paint job, moisture in the cabinet below the sink, some electrical units wiring needs to be fixed as the hot is on the right, etc etc), but no major problems. I have attached pics and please let me know if I am making the right decision.
Thanks