Visually it looks dry though and not wet at all.

Record "dry powder"This is the reason that ultimately forced me to stop "waiting for the bubble to burst" back in 2019.

Now I haven't done a residential purchase in over 3 years because all the deals dried up and the market seems to be getting frothy with out of state investors moving in again.

A client did a termite inspection and it shows "no active termites found and tubes were dry".  

On the note of topics and code, depending on when the house was built if you replace the dry wall you lose grandfather status and will be required to update both the plumbing and electrical to modern standards.

in TX like west coast trustee sales are cut and dry. you pay on the spot and usually get your trustee's deed in a few weeks.. in judicial states the auction is just the first steps then you have to have a judge confirm..  

TL;DR I can just add 16% to my cookie-cutter eyeball budget from 2020.

How hot/cold or humid/dry, etc. 

I have an opportunity to purchase 10 high dry acres for $500,000.00 near my current home which is considered a more affluent and growing area.

You need to make sure the basement is 100% dry or you will deal with water and mold problems, destroying your investment.