It depends on the extent of the mold and type. Sometimes it's a case of simply power washing the affected area and giving it a good washdown with bleach. Sometimes it's more extensive.
If it is caught early on enough before it spreads a ton, then it could cost a few hundred dollars. If it's black mold and it has spread it might cost $5,000-$10,000.
If the contractor is telling you to walk away I've got to believe there is something to it. I would request that the seller pay for a mold inspection and find out the extent of the damage and the cost to fix it. Then proceed accordingly. If the seller isn't willing to tackle this then RUN, don't walk away.
Another important thing to note is that if you happen to need a mortgage to purchase this condo, then your lender will not likely approve your loan until this is taken care of.
A lot of this is based on where you buy the condo for the rate of return. It varies throughout town. There are opportunities under the $1.2 mark, but again all dependent on what you want to do, i.e. repairs, quality of renters, etc.
Andra Brewer Green
"Everyone needs a friend in Real Estate"... more
Neighborhoods are not somehting that Real Estate Agents can really comment on. Real Estate Agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a Real Estate Agent.
Off Limit Topics Include:
â€¢ Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
â€¢ Environmental Concerns
â€¢ Household Income
â€¢ Schools (including questions about how good or bad the school is)
Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a Real Estate Agent were to comment on such a thing, it could be steering which is a prohibited act.
Some websites to try include:
Reasons Why A Real Estate Agent Cannot Comment
These links should be able to provide some of the answers you are seeking.... more
Naval Federal Credit Union offers a 100% financing No PMI. You would have to confirm the loan amounts and speak to a loan consultant. I am certain there are restrictions. You just have to get more info.
Good building!!... more
Welcome to the Middle TN area! I have to say that asking Realtors that question will not be much help for you. The Fair Housing Laws and Code of Ethics (which specifically mentions Sexual Orientation) prevent agents from discussing areas and the "types" of people who live in certain places. We are to focus on property only, not the people who live in them. And furthermore, agents don't really know for sure the makeup of every area anyway - that doesn't fall into our general area of knowledge - specifically.
I understand that you want to get this information, and I would encourage you to ask your question on other forums, where there aren't as many Realtors who are answering the questions. Then, when you hire an agent, you can tell them the areas you are interested in.
I wish you the best. If I can be of further assistance, feel free to contact me through my profile info.
It's a very lengthy process to get a loan through NACA. Most buyers decide to go through THDA or FHA instead due to the timely process otherwise. I would talk with a reputable lender or mrtgage broker who has been in the business for many years, and can help guide you to the product that would best suit your needs.
I would reccomend speaking with either:
Michael Wilson at Regions Bank- 615-596-2006
or Michael Smalling with Cornerstone Lending 615-300-6599... more
Both areas have their pros and cons. I have lived in the Inglewood area for 14 years, and it's convenient to the Shelby Bottom trailways for walking or biking. It just depends on your personal taste, and location, price, etc. There are more restaurants, night life etc around 5 points, but the prices are much higher than around Shelby Park and other parts of East Nashville. South or North Inglewood area.
I will be happy to show properties in any area of Davidson County.... more