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Old 09-09-2009, 07:40 PM
 
157 posts, read 458,045 times
Reputation: 50

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I found a house I am very interested in...

The floors downstairs (the living room and the graet room) are both in bad shape. They are hard wood floors that have uneven / bumps in them. Both floors are downstairs (with only a crawl space under neath it). The house was built in 1945.

Otherwise, the house is in very nice shape. The cost is under $300,000 and taxes are decent too.

My questions are:

Has anyone had any experience with something like this? Is it just a bad bad news type of thing where the foundation is no good? Maybe it is just a matter of fixing it up?

Could I get an engineer in to look at it BEFORE i put an offer in, or do I have to have the offer in place and then have it contingent (sp?) upon the inspection?

Any information would be great! thanks!

Last edited by anthonylongisland; 09-09-2009 at 07:40 PM.. Reason: Not finished
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Old 09-09-2009, 07:52 PM
 
Location: Long Island
9,933 posts, read 23,155,300 times
Reputation: 5910
Quote:
Originally Posted by anthonylongisland View Post
I found a house I am very interested in...

The floors downstairs (the living room and the graet room) are both in bad shape. They are hard wood floors that have uneven / bumps in them. Both floors are downstairs (with only a crawl space under neath it). The house was built in 1945.

Otherwise, the house is in very nice shape. The cost is under $300,000 and taxes are decent too.

My questions are:

Has anyone had any experience with something like this? Is it just a bad bad news type of thing where the foundation is no good? Maybe it is just a matter of fixing it up?

Could I get an engineer in to look at it BEFORE i put an offer in, or do I have to have the offer in place and then have it contingent (sp?) upon the inspection?

Any information would be great! thanks!
My suggestion is make an offer contingent upon the inspection; once/if it's accepted, get your inspector into the house. If the results are really bad, you can try to renegotiate--as long as the homeowner is willing.
IMHO it makes no sense spending money on an inspection without knowing if you and the seller are even on the same page with regard to the price.

Good luck!
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Old 09-09-2009, 08:25 PM
 
9,341 posts, read 29,685,492 times
Reputation: 4573
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anthonylongisland, depending on the structural stability of the house, whether or not a price under $300,000 and decent taxes offer a good value also depends on in which community (city, village or hamlet) the house is located.
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