Selling a Contaminated Property

Selling a mold contaminated property can be a challenge. Since mold has a stigma as poisonous, many buyers hesitate to purchase a home with existing mold. That fear isn’t entirely unfounded, either, as certain types of mold can make you ill. However, toxic varieties of mold are rare, more so than the average buyer may expect. 

That isn’t to say you should ignore a mold problem in any home, of course, since minimizing risk is always important. Furthermore, many types of mold can damage structures over time, so it’s always better to follow EPA guidelines and take these microscopic invaders seriously. That may include testing and proper decontamination

However, there are times when a property needs to sell before you can follow through with full remediation. And that can certainly add a degree of complication to your marketing and negotiations. In such a situation, we suggest having a quote prepared by a reputable mold remediation company. Be prepared to discuss how these costs can come out of closing as well. Having such a plan available can help set your buyers at ease, and ensure everyone knows what to expect going forward.

Beyond that, know that many investors specifically seek out mold and meth houses as ideal renovation projects. And many buyers are attracted to a moderate adjustment in price point. As such, there is certainly hope for any mold property, and no need to despair when it’s time to sell.

If you find yourself in such a position, be sure to hire a licensed and insured contractor in your area. In Utah, AEI Decon is here to help. We often assist Real Estate Agents, investors, and private homeowners with their mold problems, including thorough decontamination and testing. Give us a call today for your free estimate, at (801) 888-6698.

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