Most people who search for homes pay attention to curb appeal and indoor appearance first. This means that there is always a possibility that home buyers could purchase a home that is riddled with expensive repairs that are hiding right under the surface. Some sellers are fully aware that the homes they put on the market have issues. This is also why some homes are priced below what one would expect considering the sizes, locations, and other aspects. Mold is a significant issue that can be present in homes and cause problems for buyers. The following information is helpful in reducing the chances of you buying a dream home that has a mold issue.
Identification
One of the most important parts of the home buying process is getting an inspection performed. Sometimes it is possible for mold issue to not get detected. This is why it is important to determine the type of inspection(s) being performed on a home. You may be able to identify mold on your own prior to deciding on a home. Aim to look for the presence of mold on walls, ceilings, plumbing fixtures, or in basements. Keep in mind that some sellers may go to great lengths to try to hide the visual presence of mold. However, homes that have mold often have a peculiar, musty odor, which could aid you in getting more details on the quality of the property.
Protection
Jurisdictions handle the presence of mold in properties differently. Some jurisdictions have clauses that make it imperative for property owners to disclose when mold is present. You might also be covered legally even if no one related to the sale of the home wants to admit to having knowledge that mold is present. A residential real estate lawyer is a good resource to use to determine what the laws are in your state. Their advice can aid in ensuring that you do not buy a home that has mold in it, so you can avoid serious financial trouble later.
Options
You can choose to continue shopping for homes and avoid homes that show signs of potential mold contamination. You also have the option of determining how extensive the mold contamination is. You can then decide whether it is worth your time to remedy the mold through a mold remediation service. You may be able to negotiate the cost with the seller of the home. For example, they might agree to sell the home for a lower price to ensure that you can get mold remediation services.
For more information about finding a great place, contact a business such as Hornthal Riley Ellis & Maland LLP.
Share16 June 2017
