A little background that may help clarify my uncertainties, here: The buyer has lived in the house for 2+ years already and is totally comfortable with any drafts it has. Before she moved in as a renter, the house had been demoed to the studs and reworked, with new sheetrock, a 200-amp box and service, romex run, all outlets grounded, new water heater, new electric baseboard heat, insulation added throughout, windows replaced with dual-pane, crawlspace insulated and vapor barrier added, etc. All the work appears to have been quality work, with the possible exception of the insulation in the attic atop the semi-vaulted ceiling (there's another thread one that in the attics forum). I would not judge that the home has historical value, but it is a cute place to live, and she has a strong affinity for it. Also, this is in a neighborhood of Seattle where the norm is someone buying the house, blowing it down, and replacing it with four town homes or zero-lotline units. Though not yet the owner, she has been approached by developers who want to do just that, but she loves the house "as-is" and plans to live in it indefinitely. For the neighborhood, the price is very right, at $229k. She is only getting that price because she has lived there several years and is willing to take it without placing great demands for repairs by the current owner. It will need a roof. He knows that, and she knows that. She is handy with tools and fears almost nothing. I know her pretty well. So, in the context of all that, I need to decide how to report these findings accurately (as I must by law) but in a way that, I hope, will not jeopardize her financing. There is no worry that she will lose money on the property. She could flip it today and make money on the dirt. I live a block down the same street and know the local values quite well.