Mold and Real Estate – What to Know Before You Buy or Sell

Mold: Know More Before You Buy or Sell

Mold: Know More Before You Buy or Sell

If you’re in the market to buy or sell a home, one area you’ll need to pay close attention to: is there or has there been a mold issue.

Sellers and Mold

As a homeowner interested in selling, if your home has had a mold issue, you will need to inform any potential buyer.

If you don’t know if there is mold, this won’t give you a free pass should someone buy your home only to find mold after the fact. Not knowing isn’t an excuse nor is knowing about it and not informing the buyer. In either situation, you’ll most likely find yourself facing a lawsuit from the new buyer.

To avoid this costly mistake, have the home inspected, and if necessary, get a NJ mold treatment to remove the problem. Document everything you’ve had done to resolve the problem.

Another issue is when an inspector finds mold, you probably won’t get your asking price, or the buyer will move on.

Buyers and Mold

If you’re in the market to buy a home, one thing to ask is if the home has had mold and/or if it’s been inspected for mold. Either way, you’ll need to ask to see the documents proving the steps taken to remove it.

If the seller can’t produce any documentation the home is free and clear of mold, you may need to consider other homes.

At Stern Mold, we offer a free inspection, which allows our NJ mold treatment specialist to determine the source of the problem and then discuss the options available for mold treatment. Contact us and let’s get started on ensuring your home is mold free.