From: "CalNeva" 
Newsgroups: misc.invest.real-estate
Subject: Re: single mom of two wanting to buy a house - help!
Date: Thu, 09 Feb 2006 02:07:08 GMT


You may want to ask a friendly realtor in your area.  A local agent that 
knows the neighborhood and has a feel for market value, can help.  Regarding 
the assessed value, it may or may not be meaningful depending on whether the 
property tax is assessed based on current market value which I doubt.

http://www.AmericanWest.biz

"momof2"  wrote in message 
news:a47c055d9995c5962d33d5a188cecd0f@localhost.talkaboutinvestments.com...
> Hi, I was hoping to get some advice out there.  I am a single mom of two
> children in Northeastern Kentucky.  I have been approved for a mortgage
> and have been looking at houses.  I have not been impressed.  However I
> did find a house that has a lot of potential.  The problem is that when I
> entered the home it smelled like 15 cats had been turned loose and
> urinated and defacated all over the place.  The upstairs "kitchen"  does
> not have a sink.  However the basement is finished and has a sink; not too
> convenient.  The owners have abandoned the house, but left a lot of their
> belongings behind in boxes plus there is garbage everywhere.  A couple of
> guys I work with looked at the house and said that all of the flooring has
> to be taken up, enzymes sprayed to eliminate the odor and new flooring
> installed.  The total square footage is 2600 (including basement).  The
> owners had bought new windows and left them there but I still have to pay
> someone to install them.  The house is listed at $ 79,900 and the assessed
> value according to the Sherriff's dept. is $ 64,500.  The house has a lot
> of potential and would be a good home for us if I can buy it right.  Does
> anyone have any suggestions as to how much I should offer, knowing what
> all has to be done?  I am nervous about the whole home buying process and
> would appreciate any advice I can get.  Thank you so much!
>