Not many things scare buyers away from a property faster than mold. However, there are still ways to sell, and some let you sell sooner and easier than you expect.
While selling a property with existing mold issues, as well as mold remediation history, sellers face many challenges.
When selling a property traditionally, with a real estate agent, as well as listing it on your own, you’re responsible for making water leak repairs and other prevention measures, such as purchasing and installation of a dehumidifier, and other updates. Don’t forget about expensive mold inspections and tests. All of these efforts take time and money.
You can also count on footing the bill for more serious repair costs than just fixing water leaks. If mold is visible on the outside of the wall, the infestation goes deep into your structure and may have caused structural damage. This means you have an even longer delay in making a sale and less of an overall profit.
Lastly, because black mold causes health issues, especially for children and elderly, families rarely consider buying properties with mold history. Since buyers fear mold returning, you receive fewer attractive offers even when selling house after mold remediation.
Fortunately, there is a way to sell your home that doesn’t involve the traditional means of employing a realtor or a real estate broker. Instead, there is a company of investors that offers a more convenient and superior solution that saves you time and energy.
Cleveland Cash House Buyer has provided reliable services to help homeowners part ways with properties experiencing mold problems since the early 2000s. Through this process, you can sell your property in its current condition for cash without having to worry about remodeling or repairs. All you have to do is collect and enjoy your money.
Because mold and mildew can wreak havoc on your home’s value and the safety of those inside, selling your property in a traditional way requires a lot of time and mounting expenses. When you’re looking to close a deal fast and not break your bank trying to earn a profit, compare other methods with the serious advantages of selling to us that will let you part ways with your mold infested home quicker than you hoped for.
If you’re looking to sell your Cleveland Ohio home fast, look no further: selling to us means you can have a sale in as little as 3 to 30 days. As a local real estate investing firm, we specialize in buying residential properties at a fraction of the time it takes to close a deal through the traditional housing market.
Buying your property As Is means we save you from having to waste any of your time, hard-earned money, or energy on pricey leak repairs and mold remediation efforts. You don’t even have to worry about mold inspection and testing. After we shake hands and agree on the cash amount you’ll receive, the only thing we need you to do on your end is collect your money and walk away knowing you’ve made a great real estate transaction.
Looking to avoid loose strings, complicated payment installations, paperwork, checks in the mail, and other drawn-out means of receiving your profit? We put cash in your hand in exchange for your residential property. We make the real estate transaction fast, easy, and transparent. You don’t have to worry about hidden fees or stress over costs that you’ll have to foot in the future. Instead, you can be confident that you will receive your cash amount in the most straightforward way possible.
With other methods of selling your home there are always hidden fees and unexpected spendings that you need to take out of your profit for different reasons, such as both buyer’s and seller’s realtors’ commissions, paperwork and closing costs. Our way of doing business means that our clients never have to worry about extenuating expenses connected to selling their home to us. We never include any tricks in our paperwork, so when you sign on the dotted line, you can be sure that your money amount stays yours. No matter what unplanned surprises pop up down the line, we’ll cover any remodeling, repair, or other expenses on our side.
Cleveland Cash House Buyer values clients and places personalized service at the top of our priorities. When you’re conducting a real estate transaction with us, you can always expect a friendly, welcoming support and a clear, open line of communication. We take the uncertainty out of real estate so you can focus on what matters and enjoy a no-stress exchange that ends with you walking away with cash in your wallet.
Mold present in a house for sale rarely stopped a property from selling before the turn of the 21st century due to a lack of knowledge about the dangers of mold in homes. After a number of ailments were traced back to mold in a 1999 Mayo Clinic study then later in a 2007 EPA/Berkeley lab study, mold in basement, attic or any other place of the house, is now a big warning sign to buyers. Currently, real estate agents and realtors in Ohio legally have to disclose any mold problems a property has, and you could face a lawsuit if you’re not up-front about your property’s mold history and current state. Ohio law legally requires sellers to give information on any known damage caused by water, including mold or mildew. Sellers also have to pay for mold inspections and subsequent remediation efforts.
Still, it is legal to sell a house with black mold, but very difficult to do so because of today’s fast-access to information and other housing options through the internet.
Despite the mold problem is a hot topic these days, you still have a few options to sell a house with mold problems:
1) By footing the bill for costly mold inspections and tests, prevention repairs, and of course paying for the real estate agents’ or brokers’ services out of pocket. This can take from a few months to more than a year.
2) You could also try selling As Is on the traditional market, but generally buyers are very wary of these offers, considering today’s hysteria around the mold topic and easy access to other houses listed for sale that don’t have this issue. Therefore, finding a buyer can take years.
3) Finally, you could skip the strenuous effort, sell your home in its current condition to a company that buys houses for cash. Such companies are real estate investors that buy damaged properties, repair and renovate them and then resell for a higher price. This kind of transaction is the fastest and easiest way that requires almost no effort, stress and time in comparison to all other methods. It usually allows you to sell your home in any condition in a couple of weeks.
A toxic mold disclosure statement is a real estate document that gives the buyer notice of prior mold inspection and remediation history. This means you have to be up-front and honest about your home’s history and experience with black or other types of mold. Disclosure requirements vary by state, but in Ohio you should disclose everything you may know about the mold history of your house while selling it.
On one hand this requirement seems to complicate the sale, but on the other— disclosing any known issues in writing means you ensure that after the transaction you will not be sued by the buyer for hiding the problem.
Currently, Ohio law requires sellers of residential properties to disclose home defects to those looking to buy. Mold disclosure and release is covered under Ohio Revised Code Section 5302.30, which explains that residential real estate sellers must complete a form known as the Residential Property Disclosure Form (RPDF) and provide it to the buyer. This encourages open disclosure and provides the ability to see if the price of the home is fair. Disclosure laws can change with time and from state to state. Many of them are even confusing. But overall, it’s best to disclose any concerns you would want to know if you were the buyer. Otherwise, you could face an expensive and lengthy lawsuit after the buyer uncovers any hidden damage or dangers months or years after you close the deal.