DIAMOND IN THE ROUGH! The optimum word in real estate is POTENTIAL & this home has plenty of of it. Home needs updating but should pass appraisal in current condition for a lot more than the current sales price. This will allow you to get a loan as opposed paying cash which is common with GREAT DEALS in real estate. ESTIMATED updates are approximately $35,000 depending on the extent buyer takes it for paint, flooring, cabinets, vanities, counter & vanity tops, lights, fans, appliances. Home does NOT need walls to be moved or plumbing, electrical, HVAC, roof or foundation updates (the BIG Ticket items on most remodeling projects). Plenty of room to increase sales price to cover ALL costs & still provide plenty of equity potential (profit potential) to reward you for your time, money & efforts. Consider a lender that offers a Buy Down program to keep your payments at a lower interest rate for up to 3 years to allow our economy to snap back & or to allow you to get your budget in order.
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