One of the best ways to determine pricing on distressed or any other real estate property is talk to a professional agent who is familiar with the local market and available properties and have them put together for you a comparable market analyses. See what price similar properties have sold for in the past and find out the listing price of others currently on the market.

It is important to examine the fixer-upper carefully and figure out how much it will cost to fix any defects or repairs. If you are unable to get in, talk with nearby neighbors about the home's condition.

You can also do your own cost comparison by researching comparable properties recorded at the local county recorder's and assessor's offices, or at Internet sites specializing in property records. If the property is in foreclosure, you should get as much information as possible from the lender.

Call me and let's discuss your options on buying fixer upper or other distressed properties.  As well as being a Professional Realtor I am also a Licensed class "A" contractor in the state of VA.  I know the ins and out of selling, buying, and renovating properties.