Selling a house as-is with mold
The mold can grow anywhere. It can be inside your home, beneath the walls, or inside the attic. You can sense the presence of mold by its smell. Water damage is probably the most common reason for mold growth. Usually, mold starts developing 24 hours after the environment becomes moisturized. Water problems create this situation because after dealing with water damage, your attention doesn’t go toward the air. Most of the time, we don’t think of using an air purifier, and this negligence creates problems for us.
There are various types of mold. However, only a few can create serious health & financial issues for the homeowner. Generally speaking, you might come across these types:
Among these, Stachybotrys (Black mold) is considered the most dangerous. The presence of black mold can damage your lungs and relative respiratory organs. Asthma patients and people with a sensitive respiratory system suffer the most. Older adults and infants often experience health issues if this type of mold is growing in your home. In rare and extreme cases, black mold can cause death by paralyzing your organs. The immune system becomes exhausted, and the result can be severe.
Despite the above-stated facts, most people don’t experience severe illness because of mold. However, you cannot say the same to prospective buyers. When you’re living in the home, you can ignore the mold if it’s not dangerous. However, when you’re selling the house, you must clean your property and ensure it is clear of mold. Today’s buyers are aware of the health risks. There is no reason; a buyer will be interested in buying your property. Even if you’re willing to make the repairs, the inspection report is enough to warn the buyer to cancel the contract.
Don’t take the issue lightly. It’s best to inspect the house in detail and get rid of the mold before listing the property for sale.
Cost of Mold Removal in CT
Hire a certified industrial hygienist to visit your home. He’ll examine the property to determine the type and severity of the problem. These experts charge $300-$500 for the mold inspection.
Now the cost is directly proportional to the location & age of the problem. Where are you seeing the mold spots? If the mold is present inside closed spaces such as inside the walls, in the attic, or hard to reach crawl spaces then it’ll cost more to clean the area.
Selling a House with Mold
If you become aware of the problem before listing the home for sale, you get two options:
- Repair the property. Choose a mold abatement company. Solve the problem and then list your home for sale.
- Go for an as-is sale. For this purpose, you must disclose that you are selling a house as-is with mold.
However, if the problem appears after you have found a buyer then you have only one option:
Repair the property. That being said, the buyer will make the final decision. As mentioned earlier, most kinds of mold are not harmful, but buyers are hesitant to buy such properties. Their home is the biggest investment of their life, and they wouldn’t want to take risks. Furthermore, the lender might not approve the mortgage for a house that has mold issues.
In that case, it is best to sell your home as-is with mold to a cash buying company in Connecticut. The cash buyer will tackle the issue. They’ll locate the source of the problem. Then they’ll spend the money and time required to get rid of the mold and the moisture. After making the necessary repairs, the cash buyer will re-sell the house. By selling as-is, you don’t have to worry about costly repairs or delays. You can sell your home fast within days without delay. There are no commissions or closing costs to pay. If you’re interested, please give us a call for further assistance.