[masraum]

Originally Posted by lindbhr

If they are unwilling to turn on the water and power, then the price will need to reflect that relative to other houses in the area. Basilcally, they are asking you to take risk. That house will likely have galvanized piping which will need to be replaced. Maybe $10k....Good luck

Right, that's my thought. Our previous home was galvanized. We didn't have any issues, but I think it's just a matter of time.

I'd briefly considered gutting it and doing a full re-wire (assuming AL) and at the same time could do the plumbing, especially since we'd probably try to take one full bath and some space and turn it into 2 full baths. But then that's a ton of money, time and trouble, and I don't want to live in it when it's that much of a construction zone.

I think the house could be really cute/nice, but would take a lot of work and $$$.

This home was originally listed at $269k, and then reduced to $239k. The last time that we looked at this one before it was under contract our realtor contacted the other realtor who advised that there wasn't any point in offering much under the new figure because they'd already had lower offers that weren't accepted.

I think the sellers have an inflated since of the worth of the home, and are going to sit for a while and then eventually take less once they get tired of letting it sit or they get desperate.