IAfarmer, I agree with JMD, I also do this for a living and restored a 100yr old farm house for myself that among several other problems was sagged by 3" on the inside on both floors because a bearing wall had been removed and not been properly beamed, also the basement leaked and evendently rotted out a support beam which someone had removed and not replaced.
It took three guys four days and 11 laminated beams to get the interior supported back to where it should be. This did'nt include all of the patchwork to the walls that cracked or holes ripped out in walls and ceilings to insert beams. This kind of work can be very dangerous and should not be attempted by anyone without knowledge and the right equipment.
Century houses are very appealling when restored, but can almost cost as much as building new.
If your wife is set on the house and property, I would get estimates on repairs and deduct the costs off of what you think the property is worth and see what the owner says.
Remember that electric and plumbing are big issues in old houses. Good luck
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