All Forum Posts by: Dom Barlow

I believe they just mean “as is” and don’t want to make any fixes. We are able to go in and look at it. 

Home is listed as an estate sale. Taking offers until 12/15/21 but addendum says you cannot complete home inspection until after purchase. Any suggestions on if it is worth looking into further? Listed at 40k-50k below market value but unknown what repairs are needed. Home listed at 99k and can produce $1200 max for rent. 

@John Mocker @Gavin Welch Honestly, I am worried about having someone in the house right now to do the inspection with the pandemic. What are your thoughts? I do agree it is worth the investment to have done regardless as well. We have a young child and don’t want to put him at any unnecessary risks.

@John Mocker thank you for this!

@Gavin Welch thank you for this!

@Heather Frusco Perfect explanation! I truly believe if people just thought of others situation more than themselves, such as the property owner who still had a mortgage to pay and has built in reserves for this very reason! It is easier to make an excuse and always will be. Thanks for sharing your perspective on the topic.

I have lived in the home for past year and a half with no issues. Is it still worth paying for a complete home inspection? I am purchasing the home from my grandmother. The home was build and lived in by my great-grandparents. Close date is scheduled for April 13th, 2020. Thanks for any advice in advance.

@Tim Herman thank you for the advice Tim!

The repair budget is meant to say 10k so that is a typo. 

Hello all,

I did an analysis for a property I am interested in below. This home is owned by my family so it is off market. I was hoping to see better numbers and it was disappointing when I did not. Based on Zillow, the home is valued at $137k so I was even trying to give myself some room to make a deal. Two other similar properties I found on this street sold less than a year ago for 132k and 120k. I was hoping for some tips with my analysis, calculations and if there is anything you guys would suggest? 

108 s. 36th street Newark, OH 43055

Assumptions:

$120,000, $4,200 down payment (3.5%)