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Updated about 11 years ago, 12/12/2013
Should we even proceed?
Here’s the deal we are looking at:House last sold for $122,000 in 2008, asking price is $69,100.
There are 2 potential problems with the house:
1.There is a small spot of mold in the master bedroom closet.Should we hire a professional and get an estimate of what this may encumber before we even make an offer?Could there be other mold in the house that we can’t see?
2.There is some settling in the house and there are about 5 places that the walls/ceilings have cracked.We are worried that there could be a major foundation issue that we are not aware of.Who would we hire to check this out?Would a home inspection do any good?
We really like the house and could fix it up with paint, flooring, etc and think we could make a pretty good amount on it, but I’m just worried about these 2 potentially major issues.We have done 8 rehabs in the past, but have never dealt with mold or foundation issues