I am looking at a listing and it says:
WARNING - Basement & kitchen have discoloration.
What do you think that means? Thanks.
The only way to truly answer that question is to take a look. It can mean almost anything depending on who wrote the description.
Water damage. :)
Bill Gulley, General Real Estate Academy | https://generalrealestateacademy.com
The Basement & Kitchen have discoloration
Haven't heard of that 1 though. Contact your city housing department in that area and ask them what this means specifically
Aging? Paint or chemical issues?
Remember: This may be a good thing in the long run. A problem you can always take out on price.
Is probably right, but it could be old damage where the problem was fixed. It could be coming from the interior, like a leak above and not necessarily from outside the foundation.
It could just be from something that was previously covering that wall on the interior side of that wall.
It depends on the type of wall.
Odds on favorite is a water source, but even if it is, doesn't mean it is still (if it ever was) a problem. Like I said earlier, you have to take a look in person.
Banks use the term discoloration because they don't want to say mold. It might be minor but it is usually some type of mold they are talking about
It means we think there is a future money problem that we want to pass on to you.
It probably means they believe there is some risk of mold either directly or due to water damage and they are just afraid to use the term "mold"
It really doesn't matter what it means. Any problem can be fixed. What ever the issue is it could be a negotiating point and may scare away other buyers.
Ned Carey, Crab Properties LLC | http://baltimorerealestateinvestingblog.com/
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