If demolition is even an option, the house itself is likely in bad shape and not livable
Not necessarily. I don’t know if this is the case here but some places, people view the property location as more valuable and have too much money so they buy the house/property and then knock the house down and build what they want no matter the condition of the original house.
This happened to someone I know, their house needed a little work but was perfectly fine. The new owner didn’t even go inside to look at the house. Made an offer and then tore it down to build something new.
Yeah, that’s less than a 10% discount on their cheapest board. (The pint starts at $1,050) You are better off waiting for a sale.