Open Question: Offer less or walk away? 1st day on mrkt offered 460k on1980 outdated home. Comps are at 500k.?

After fleeing poverty in his native Uruguay, Miguel Angel Ortiz settled in Hampton Roads and established himself as an expert welder. He formed his own business and obtained shipyard contracts worth more than $1 million.

Married with three children, the youngest about 10 months old, he had been living in a stately waterfront home in Virginia Beach. Two full-size bronze lions were perched out front near a four-tier fountain. He drove a Hummer and had a spare in the driveway
Ortiz built this life using someone else’s identity and after racking up an extensive arrest record in this country.

His case raises new questions about how an illegal immigrant who served jail time had not only remained in the country undetected but built a corporation and amassed wealth.

Through interviews and court records, including Ortiz’s confession, The Virginian-Pilot uncovered the life of a man who exploited loopholes in the immigration system and skirted detection – until this year.

Ortiz was arrested in April after he applied to have his passport renewed under the name Alfredo Rivera Jr. The State Department began investigating after determining that the picture on the passport did not match the picture of Rivera in the agency’s files. Ortiz’s life has since unraveled.

After pleading guilty in May to identity theft charges, Ortiz was sentenced Aug. 20 in Norfolk’s U.S. District Court to 27 months in prison. Upon release, he will be processed for deportation.

Ortiz, 41, first arrived in the United States from Uruguay in 1987. He left and returned, illegally, in 1992.

To remain in the country, Ortiz bought a birth certificate and Social Security card in 1996 for $8,000 in New York, according to court records. Ortiz assumed the identity of Alfredo Rivera Jr., the name on the documents. At the time, the real Rivera was living in New York. It’s unclear from the records whether the two men know each other or whether Rivera ever found out his identity was stolen. He could not be located.

Ortiz obtained a passport in Rivera’s name and moved to Virginia
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Open Question: Offer less or walk away? 1st day on mrkt offered 460k on1980 outdated home. Comps are at 500k.?

Our offer accepted at $500 over another full price bidder we were told. Priced we THOUGHT because of 1980 everything--appliances, flooring, windows etc. NO upgrades ever & tons of deferred repairs. Tax records say 2358' , seller says 2788' we measured 2570'.
Inspector found not working:
roof needs replacing
built in microwave doesn't work
built in oven door won't close -bent open one inch on side
no disposal--no kidding--we think when it quit working they just took it out and never replaced it
garage door to house's frame broken or kicked in
dishwasher original and rusted out inside
all windows lost seals and some wont stay open
faucets in master bath wont turn on cold water (yes water's on)
entire sprinkler system doesn't work
concrete walkways out back all cracked and unlevel
one of two water heaters-the 1984 one needs replacement
no ventilation for furnace and water heaters in basement
and MUCH MORE!!!

Should we reoffer 40k less or walk away? Yes, our offer is contigent upon the home inspection. We can ask for the repairs to be fixed or walk away with our deposit. We would like them to fix them or take money (alot off) for the repairs. I just don't know which items are ones I am entitled to ask for to be repaired. Our agent's only help is to say, determine what you want fixed and what your bottom line is. That's why asking for help as to what is reasonable. Thanks

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