I have a contract with a seller, the house may need more repairs than originally thought.Asking price was 160FMV in as-is condition 170-180ARV 220-240My price 123Original estimated repairs 20-25New estimates 30-35kRoof and asbestos siding may need work, and I was unaware of siding being asbestosWhat are some tactics I can use to get the price down?

My inspection background has really helped with evaluating houses for structural integity verses cosmetic repairs.

Can I expect to see a house in need of dire repairs?

Then there are repairs and/or rehab.

Main house needs roof repair or replacement.

I've always heard "a point" as being exactly one percent of the loan amount.Buyers can ask for credit for closing costs, repairs, whatever.

The automobile manufacturing business has been hit hard and that has really effected the economy up that way.And on another note I know my fantasy QB is from Cleveland and he is stinking it up - hopefully he can turn it around vs cincy this week.

Is remodeling allowed--replacing carpet with tile, new cupboards, ceiling repair, updating a bath, for instance?

:lol: We did the walk-through this AM, and there is work to be done: minor repairs, painting, cleaning, etc.

My bedroom ceiling has been repaired, and there is now a hawk and trowel finish on it.