Deal or No Deal?

[Gary Shaw]

I have a lead on a 3 bedroom, 1 bath single family house in a nice suburban area. ARV is $135,000 - $160,000. The house was built in the 50's. The biggest problem is a previous owner added an addition that expands the kitchen and the master bedroom without a proper foundation and it's now separating from the rest of the house!!

The current owner bought the house without an inspection (the seller's agent told her she didn't need one). She now just wants out because she no longer lives in the house and doesn't want to continue paying taxes and utilities on the place.

The property is now free and clear and market values are pretty good in this area, but I wonder if that's enough to make this a worthwhile deal.

Advice please!

Thanks,

Gary