Need Help On FL Home

[Clifton Jones]

OK, to start out, We have not had much experience in REI. We are just starting our business, so do not know what repairs normally run in our area. With that said, I am going to ask a question that I know will need a true appraisal before we bid on a property. I am just looking for a ballpark figure, if anybody can provide one.

We are looking at an 1800sf house on 0.38 acres, built around 1960 in FL. It is one of the old cookie cutter FL homes that were built back then. It appears that it needs a new roof, as there appear to be some leaks. Our question is "Does anybody know a ballpark figure to replace a roof on a 1800sf house in FL?"

This house sold for $231,000 in 2006, but is now being offered for sale at $79,900. The houses in the surrounding community that have come up for sale are normally foreclosures over the last year, but the one that wasn't a foreclosure sold for $225,000. It is a 1180sf house on 1.11 acres.

We will definitely need an estimate to identify whether we will need to replace the whole roof, or only patch, but are leaning toward basing our offer on the need for a new roof.

Any help on our question would be greatly appreciated.