The truth is, no one wants to buy a house with mold problems. Health concerns, potential structural issues, and low resale worries will prevent most buyers from making that purchase.
As a seller, placing your house on the market is extremely stressful. Doing so knowing that it is less likely to sell because of mold is a sure recipe for a headache.
Problems With Mold
Mold scares buyers away for two primary reasons.
First, there are many documented cases of mold-induced diseases in people. Certain types of mold are known for releasing spores that cause lung problems, most often in children and the elderly.
Additionally, mold can cause structural issues with a house. Wood and other natural materials can become weakened in the presence of a mold infestation, leading to decay and deterioration.
Because of this, many would-be home buyers hire professionals to inspect a home prior to purchase. Those inspectors are on the lookout for mold and will report on any instances where they find it.
Once a buyer sees that there is mold in a house, they will be less inclined to purchase it. After all, as they compare houses that are similar in location and price, the presence of mold in one is less attractive than the absence of mold in the other.
At that point, a buyer is likely to either reduce their offer or back out of the deal altogether.
How To Deal With Mold
If you find mold in your home while in the selling process, you will want to deal with it properly. It may be tempting to just do a quick cleanup and avoid getting to the root of the problem, but that is not the wisest course of action.
Part of the sales process includes your signing an affidavit disclosing the results of any mold inspections or treatment. If you do not adequately represent the condition of mold on your property, you could be in violation of a 2003 Oklahoma Statute.
Any deliberate misrepresentation puts you at risk for legal action such as breach of contract or even fraud. Though we are not lawyers, we believe cleaning up mold and not reporting it during the sale is an unsound decision.
A much better plan is to have your mold problem professionally remediated. That is, remove the mold from your home and make repairs to any damaged areas.
Although buyers may not be happy to hear that there was mold in the house, they will have peace of mind that you responded appropriately.
You will be able to honestly say that there is no longer a health or structural threat to the house on your disclosure form. This sign of good faith makes the sale much more likely to go through.
Having Mold Remediation Tulsa professionally and thoroughly eliminate the mold from your home is a great option. It may protect you legally by limiting your liability if mold develops after the sale. More importantly, it will go far in reducing a prospective buyer’s fears and increase the likelihood of the sale.