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This is a large house , appraised for $ 240K by a local banker, Work is in progress, a second bathroom is going to be build , and a central AC and Heat will be installed, a reduction of $ 20,000 dollars can be granted to the buyers if they want to take the house in its present condition , so they can pay for the work and get it done to their specifications.
This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. Start My Mortgage Application can provide you an approval within 48hrs.