How low should I go?

[Lisa Wright]

I'm securing a bridge loan to purchase a fixer upper.  (I wish this was going faster). 

They have it listed at $86,000.

They purchased it for $66,000 a few months back.

It looks like it was a dramatic few months.  Lots of superficial damage- paint, flooring, siding.  Plus it needs updating.  (Oil heating) And a person died in the back.   They did not clean that or disclose. (they don't have to, put its gross they left fluids).

I'm thinking of going $45,000.  It's been on the market for a week.  And has good bones.  

[Nathan Gesner]

Ahh...Detroit. What a place!

A property is only worth what you're willing to pay for it. Unlikely they would drop the price 30% in one week, but make the offer and see what happens.