[quote=XBoxBoy] but the houses with great views that are fixers in our area all have serious foundation issues.[/quote]
Exactly. What do the neighbors know. I’d be surprised if this issue was isolated to this particular lot. If it was, then recompacting would probably be the ticket. But many others suggest a larger geologic component.
Thinking the owner knows more than they are telling you. Not good for you. Without finding out the underlying cause, even a low ball offer would be too high. Chat up a geologist.
This kind of thing is what geologist live for 😉 People know what is going on at that site. Otherwise it would have sold by now.