First Time Home Buyer- Fair Price Question?

[Chuong Pham]

Hi,

I'm really new to buying a home. I am first time home buyer has been researching and looking for a decent place to start. I have found a home in Dallas Tx but the property is built in 1962 and has been renovated inside and out. The foundation also was repair with 12 piling put down.

The list price is 165K and I am currently waiting for an inspector and license engineer to take a look at it.

The area home value is around 160K+ and goes up to even 500K+ property.

My question, is this a fair price to pay? The owner will not budge on negotiation so I have decided to stick to the list price.

It has been on the market for about 2 months now. I found it a week when it was listed.

Thanks for the help everyone.