Making an offer on a house-need advice

[forgop]

Originally Posted by Commander Quan

That sounds low to me but make them an offer and see what they say. Do you know how long the bank has owned the property? And what they paid for it? If it's a foreclosure check with your county auditor to see how much they "bought" it for at sheriffs sale. That will give you a starting point.

Ok, thanks for the advice. I know the circumstances of this particular house makes it a bit more unusual that buying a pre-owned or a new home in terms of possibly getting a better deal.

One bit of info my friend told me is that when they were building it, there was some mold issues due to rain. His understanding was they gutted the thing and had to start all over. I would have probably no fewer than 2 different inspectors look the house over and determine there are no potential mold issues just to be safe. The basement is unfinished which is fine because I would be content doing the flooring, electrical, and drywall myself.