Selling Moldy Real Estate

If you are trying to sell a house that is contaminated with mold, you probably have a pretty short list of possible buyers. You also probably do not want to lose any of those possible buyers and you want the transaction to go as smoothly as possible. There are a few tips that you can use when selling a home like this to make sure that you get the most you can possibly get.

You need to allow the buyer to inspect the house for themselves and find out what kind of mold exists on the property. An environmental inspection clause should be included into the sales contract. If you can have the mold removed from the home at your own expense without taking a huge profit loss, you should do so. A buyer will be much more quick to actually purchase the home from you if you are completely honest about the home’s condition. You will also be able to sell the home quicker if the mold inside it is not toxic. If you can prove that it is not via mold testing kits, then the sale will go by quicker.

Again, make no attempts to cover up the mold problem in the house. Do not be nervous about it. If it is beyond your ability to remove the mold, then tell the buyer so. Explain your situation. If they are sympathetic, they may or may not be more willing to purchase from you. If they suspect you are hiding something, however, they will likely walk right out the door.

In the final sales contract, you need to have a clause that releases you and anyone involved in your end of the deal from any legal liability due to the mold. This states that the buyer already knew that the mold existed on the property and that you are no longer responsible for its presence. Include that the home was sold to the buyer in an “as-is” state and that you are not responsible for the property nor is there any warranty on it, implied or otherwise.

List all past major damage that the home has suffered due to water damage or mold so that your buyer has a complete history. Giving this information to your buyer will show them that they can trust you and that you are hiding nothing from them. This should leave you on solid ground once the final contract is signed.


Jim Corkern is a writer and respected contributor to the Water damage restoration and mold remediation Industry. Visit his sites for more information.
http://www.floodingct.info
http://www.floodedbasementnj.info