Mold in the home can cause serious issues, from respiratory ailments to nausea. If your home has a mold problem, selling it is going to be a challenge -- but it's not impossible. You never want to camouflage a mold issue because, if the buyer later finds out you've covered up the mold and knew about it, you could be held liable. Here are some tips for honestly and responsibly selling a home with mold.
Have the mold tested.
There are types of mold that are highly dangerous, and there are types that are more of an annoyance than anything. "Black mold" has the reputation of being deadly and dangerous, but it's really only one specific type of black mold that's so terrible -- most others are less vile. Before you make any decisions about how to proceed, have the mold tested so you know exactly what you're dealing with. You can present the paperwork with the rest results to interested buyers so they, too, know what they're getting into.
Get an estimate for remediation.
Sometimes it's better to spend the money on mold remediation yourself, and then sell the home. Many homeowners will try to sell the home without extensive remediation, and then go for the remediation if the home doesn't sell within a few months. In either case, it's best to get an estimate up front. This way you know how much it will cost to fix the mold problem. You can discount your asking price by that amount so you're offering buyers a fair deal. You can also show buyers the estimate so they can buy with a general idea of what it will cost to fix the problem.
Do what you can to minimize the problem yourself.
Before you start showing the home, do what you can to get the mold under control yourself. If the basement is wet, install a dehumidifier. Wipe down any moldy areas with bleach and water to get the mold at least under control. If a water heater or air conditioner is leaking, consider replacing it to cut down on your moisture problem. While you will still disclose the mold problem (along with the paperwork from the testing and estimate) to a buyer, making the home look less moldy will make it more appealing.
Be willing to budge on your asking price.
Work with your realtor to set a fair asking price. Then, be willing to accept the fact that you may not even get what you're asking. Selling a home with mold is tough. You might be better off accepting an offer for a bit less than you want, rather than holding out and hoping for a better offer. If you're really struggling to get fair offers, your next move should be to pay for the remediation yourself. For more tips, work with a realtor like Roger Deines Real Estate Group ReeceNichols.