REALTORS
BUYING & SELLING A HOME WITH MOLD
It is important for anyone interested in buying and selling a home to know that almost all real estate transactions can be saved when mold or black mold is discovered. Buying and selling a home with mold is not only possible, it is often far easier and cheaper to resolve than most people realize.
Concerns for Buyers & sellers
There are really two primary concerns for both buyers and sellers of homes regarding mold:
- Health effects of mold
- Cost to fix the mold problem via removal & remediation. Consider health effects of mold when buying real estate.
Let’s tackle the first issue: Health effects of mold. Despite media hype, most health effects related to mold are exaggerated and unproven. To the best of our knowledge, there is no existing proof that mold exposure is related to any deadly disease like cancer.
However, this is not to say there are no health effects from mold exposure. There can be health effects and they are typically allergy related and similar to how someone might respond to other allergy irritants like pollen. Thus, mold symptoms can include a runny nose, nasal congestion, coughing, skin rash, eye irritation, sore throat, and sneezing.
If you have allergies like us, these above symptoms can make you feel miserable. So the mold problem should be taken care properly before you move into your dream home.
What to consider when buying a home with mold
- Everyone responds to mold differently. There is a spectrum between those people who are very sensitive to mold vs. others who are not and those in between. The highest risk populations to mold exposure include infants and children, pregnant women, the elderly, people who are already sick or have existing health conditions and those who have respirator conditions like asthma.
- If a mold problem is fixed properly, you can rest easy. It is not going to suddenly come back without warning in 5 years … Unless: the water problem is not fixed. In other words, the cause of all mold problems is: WATER! The presence of mold indicates a water problem. If the mold is properly removed, but the water problem remains unfixed, it is likely that the mold problem will return.