NASHVILLE, Tenn. – Homes damaged in May flooding in Nashville are being appraised for possible buyout.
The Tennessean reports Metro Water Services sent letters to 305 property owners, asking if they wanted to be part of a buyout. The owners of 241 properties said they wanted buyout appraisals, 19 did not and 45 didn’t respond.
Among those who want to hear an offer is Bill Disspayne, who has begun repairs to his home in the Pennington Bend area near the Gaylord Opryland Resort, which was hard hit by the historic flooding that followed more than 13 inches of rain May 1-2.
“You’d have to be a fool in my mind not to listen to the offer,” Disspayne said.
Sonia Harvat, a spokeswoman for the department, said the appraisals will be done by independent private companies. An appraiser will examine the property, talk with the owner and compare the value of the home before the flood with comparable properties.