Deal or No Deal??

[Bryant Hamilton Jr.]

A friend and I, have finally began to invest in Real Estate and where we

live, is a I guess you could say a neighborhood(complex) where there are

nice sized single family homes. Most of the houses go for about

300,000+. Around about 2 or 3 years ago i spotted a house around the

street that looks, like no one has been living there, and recently we drove

around and its still the same, but now with a sign. We called the number

come to find out it is Bank Owned. The asking price is $239,900 and the

new additions since the people living there been out was said to us that

the deck has been done over, and new fencing in the backyard. This

week we scheduled a walk thru to see the inside. Being as though the

homes around here are around about 300,000+ and they are asking 239

before we actually get the walk-around and see the inside if anythings

wroung does this seem like a good deal, or should we keep looking?

Any advice is helpful, thanks.