Tips for Selling a Home with Mold Issues
When you sell a house, buyers will be looking closely for signs of any potential problems. So if a buyer sees mold—especially black mold—in a house, they may be scared off.
But that doesn’t mean selling a house with mold is impossible. Even houses with the worst mold issues can be sold; it just takes the right buyer and the right real estate agent to help you.
Determine the Extent of the Problem
The first step to selling a house with mold is to determine just how bad the problem is. Because mold is often hidden behind the walls and under the floors, it’s important to hire an expert who can dig deep into your home and see how far the problem spreads.
The truth is that it’s very common for homes to have at least minor mold problems, because it can grow anywhere there’s warmth and moisture. Minor mold issues likely won’t cause any problems, but major issues, like extensive black mold, can be serious.
Black mold can cause health issues when inhaled, and it’s especially dangerous to infants, the elderly, and people with asthma. Because black mold is potentially harmful, selling a house with black mold may be more difficult than selling a house with minor mold issues.
Should You Repair It or Sell As Is?
Most homeowners will have to make at least minor repairs and renovations before putting their home on the market to make it more appealing to buyers. And because many buyers aren’t interested in buying a house with mold issues, it may be worthwhile to repair the issues yourself before selling to get more money for your home.
However, mold remediation can be expensive and time-consuming, and it’s not an option for some sellers. In this case, you may have to sell your home as is even with the mold problems.
The bad news is that you’ll likely have to lower your asking price for the home, but the good news is that it doesn’t have to be difficult to sell your home if you target the right buyer. If your mold problem is serious, it may be too big of a project for the average buyer. But contractors and home flippers often buy discounted homes with major problems so they can sell them for a profit, so they are willing to take on even the biggest issues.
Selling Your Home for Cash
Another option you have is to sell your home for cash to a home investment company, such as STL Real Estate. A real estate agent will discuss your situation with you, then they’ll tour your home and take note of any problems. They’ll then give you a cash offer for your house in as little as 24 hours, which you can either accept or reject.
If you choose to reject the offer, an STL Real Estate agent can help you put your home on the market so that you can get the highest price possible for your home.
The right option for you will depend on your unique situation and house, so it’s best to talk it over with your local real estate agent to find the best solution for you. Whether you want to fix the problems before selling, sell it as is to the right buyer, or sell it for cash, there’s a buyer out there for everyone.