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I’m about to make an offer on a condo and I’m not entirely sure how much to, er, offer. I know the current owners paid 430k four years ago and are asking 505k. They have done no improvements to the place – the kitchen needs a complete overhaul including appliances, and the bathroom at the least needs a new sink. I feel like I should be offering 450 and expecting 475 in the end. Does that seem right? I kind of feel like it should be less though since I have a friend who just bought in the same hood/same price and his place came with the renovations already done. What do you guys think? Please keep in mind that I’m a total noob at all this. Thanks for any advice you may have!