Tips for Buying or Selling a House with Mold
July 19, 2017 Comments Off on Tips for Buying or Selling a House with Mold About Mold, House Mold, Real Estate Ben Fetzer

Did you plan to sell your house and suddenly encountered mold? Are you worried it might hinder your selling process? Are you looking to purchase a house and you are concerned about mold being hidden either purposefully or subsequently? Well, the reality of a house with mold is inevitable. They grow and prosper anywhere they find moisture. So, it’s pretty obvious they are present in your home. It’s true that the buyers are reluctant in buying a house with mold and it can be a pain for the real estate community, but the solution to this isn’t hard. Consult, clean, remove, and verify! Then, you are all set to go!

First, let’s talk about the problems sellers have to face if mold is present in their property. Buying a house is pretty much once-in-a-lifetime kind of investment, so the buyers have got every right to protest if their health isn’t safe there. It can be risky buying a house with mold, but it can also be financially rewarding. Moreover, why would a buyer go for a house with mold when he has multiple other options? As a seller, you have got to be cautious about these issues. As a realtor, you have the fun job of solving it all!

What Problems Does a House with Mold Face?

Law Suit and Price Drop

If someone bought a house from you and later found mold in it, he can challenge you with a lawsuit and your life can get in serious trouble. This is a very high risk when sellers know that there is mold present and attempt to hide it by painting over it. In a short period of time, mold will eat through the paint and reveal itself. Even if you didn’t know about the problem before selling or you tried to fix it but couldn’t, there is a good chance you will face consequences. Therefore, it is a very serious issue and you just can’t ignore it.

Furthermore, if the buyer inspects the house prior to the purchase and found mold, he will ask for a price drop as the problem is severe. The price margin will be inversely proportional to the intensity of the problem; the greater the infestation, the lower the price. Sometimes, the buyers might back out altogether, so there is a good chance of losing potential customers.

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About The Author
Ben Fetzer Ben Fetzer, is the founder and owner of Fresh Start Restoration of Kansas City. He is passionate about informing and educating you the customer. By providing you with insider industry information, he empowers you with knowledge and tools to properly compare companies and spot unethical sales practices. Which unfortunately is far too common in the mold remediation industry. By sharing stories and providing professional tips he gives you the ability to make the right decision for your mold problem! Ben is an experienced mold expert with over 15 years in the cleaning & restoration industry! He has received official training and certifications from the IICRC, ICRA, and NORMI. His history of high integrity and superior quality has made him a leader in the remediation industry. Thereby giving customers outstanding customer experience! Which has resulted in a long history of consistent 5-Star customer ratings since the company began in 2008!