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AJ Romero
Pro Member
  • Involved In Real Estate
  • Parker, CO
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27
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Would you buy a moldy house?

AJ Romero
Pro Member
  • Involved In Real Estate
  • Parker, CO
Posted Sep 15 2013, 23:42

Hey there,

I've been watching HUD homes in my area and there is one in particular that has caught my eye. It is a 2/1 SFH in a nice neighborhood. The list price is 69,900 which is significantly cheaper than what homes even that size go for in the area. Projected rent would be conservatively $900/month.

What worries me is that it has been on the market for 88 days (most HUDs have been selling in 45 days or less here) and I heard second-hand that there was a mold problem. Would you even touch a moldy house, and if so what kind of discount would you require to even look at it?

Thanks!

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