Finding mold in your home before you sell it is undoubtedly disappointing. Despite the growing prevalence of mold, most homeowners don’t know how to deal with the situation, especially considering how it can affect the value of their property. That aside, there is another gray area surrounding the legality of selling a house with mold. Can I sell my house in Metro Detroit with mold damage? Read on to find out.
Why Is Mold A Problem?
Selling your house with mold is a major hindrance for a variety of reasons. First, mold is the cause of several health problems according to the Centers for Disease Control and prevention, for example, living in a house with mold can cause sore throats, rashes, coughing, and wheezing. Considering that Metro Detroit homeowners spend approximately 80-90% of their free time indoors according to Science Direct, a mold infestation can seriously impact indoor air quality and affect their overall health and well-being.
While some types of mold are harmful to human health, mold is not immediately life-threatening. Small mold colonies may be harmless and easy to remove. However, if allowed to grow, it can spread quickly and become a serious problem. In addition to the respiratory effects mentioned above, high levels of mold can cause roommate fatigue, brain fog, depression, and anxiety.
If left unchecked for a while, mold can damage the physical structure of your home. It can corrode house materials like drywall, cause cosmetic safety issues, and reduce the value of your home. Thus, selling your house with mold is a cause for concern for potential buyers, mortgage lenders, home insurance providers, and real estate agents.
Common Causes Of Mold
Mold can grow anywhere as long as there is water, humid conditions, and oxygen. Because oxygen is everywhere in the home, most mold problems are water-related. The following are common areas that promote mold growth.
- Roofs: Damp roofs can promote mold growth if left unchecked. The roof protects the entire building, but the growth of moss and algae can bring mold into the house.
- Attic: A leaky roof can allow water to enter the attic. Water in the attic promotes mold growth. So it’s important to be aware of wet spots in your attic.
- Plumbing: Leaky plumbing is a common occurrence in homes. Leaks can occur in walls or ceilings. Keep an eye out for water spots on walls and look for hidden leaks.
- Basements: Water in basements can be a problem for both buyers and sellers because it can lead to water damage and mold growth.
- Bathroom: The bathroom is small, closed, and flooded. Always make sure your bathroom is dry and free of moisture to avoid mold growth.
What Does The Law In Metro Detroit Say About Property Mold?
Realizing that mold is a common problem in homes, Metro Detroit homeowners should find out if it is legal to sell a home with mold. Fortunately, there are no states or federal laws that prohibit homeowners from selling a mold-infested home. However, it is important to disclose potential buyers or lenders.
Remediation Of Mold
“Can I avoid mentioning mold if I clean it up before selling?” “Will I be able to sell more after remediation?”Mold remediation may be an option for some homes, but before thinking that remediation will cure their problems, sellers should have a clear grasp of what to expect.
Mold on the exterior surfaces of the house, such as walls and siding, has no substantial impact on the property value. It also has no significant health or safety risks. Mold infestation within the property, on the other hand, is a health risk that could affect the sale. Mold growth whether inside or outside demands professional mold remediation.
Mold remediation is a costly and challenging process that should only be handled by professionals. Potential buyers frequently expect sellers to bear the expense of remediation in some situations. However, some property buyers generally use such problems to reduce the home’s value because they would have to spend money on treatment.
Mold remediation can assist sellers in attracting the broadest range of buyers and avoiding price decreases when selling their property. However, it does not relieve them of the obligation to disclose the mold and its repair during the selling process. Buyers who learn of a previous mold problem may be especially vigilant in seeking and insisting that sellers remedy any other potential house issues.
Due to the inconveniences involved in both standard real estate sales and mold remediation, many sellers wonder, “Can I sell a house with mold as-is?” Property owners can absolutely sell homes with mold. Selling as-is can be an appealing and wise option.
As-is sales enable homeowners to sell fast, cost-effectively, and stress-free. This is especially true when sellers avoid regular sales and instead connect with cash buyers. These buyers enjoy numerous advantages over typical buyers.
Wise property buyers have firsthand knowledge of the most challenging composite home mold issues that can offer the best sale.
You could also sell your home to Wise Property Buyers. Connect With Us Today at www.wisebuysdetroit.com Or Call 313-513-8824 to get started!