A brick wall with mold infestation
January 29, 2021

Almost every home is susceptible to the formation of mold. There’s a potential for mold to grow in any place where there is moisture present. However, buyers and sellers of homes are becoming increasingly aware of serious mold issues and how they can affect home sales. 

How Can a Mold Infestation Affect the Sale of Your Home?

Almost everyone is well-acquainted with the concept of mold; fungi that grow and thrive in moist environments. This natural occurrence is quite unfortunate for homeowners as it grows in bathrooms, basements, attics, and any other moist areas around a property. The beginning stage of a mold problem is the growth of black spots on walls in poorly-ventilated rooms. 

Selling a home with mold is probably one of the riskiest things you can do. Most buyers will bail out at first sight of mold in a property. This is mainly because not only does mold affect the appearance of a home, but it also weakens its foundation and constantly increases as long as there’s moisture present. 

Why Take Care of Mold Before Selling Your Home

Despite how low the probability of developing serious complications from mold exposure is, buyers have every right to be cautious. Here are a few reasons for you to avoid selling a home with mold, and make repairs before you put it up on the market.

Lawsuits

If a buyer purchases your home only to find out that there’s a serious mold problem, there are very high chances of them filing a lawsuit against you. Whether you were well-aware of the problem and failed to mention it, or you didn’t bother determining if this problem existed in the first place, you will have to face some serious consequences. 

Price Drop

If a potential buyer calls for a household inspection and discovers a mold problem in your home, you will definitely face difficulties in getting the price you want for your home. The decline in the price of your home relies mainly on the severity of the mold problem. However, the fact still remains that you will not get your maximum asking price if you have a mold infestation. 

The Bottom Line

You need to thoroughly inspect your home or call for a household inspection, especially in areas where there is a high chance of moisture accumulation. In case you find mold, make sure to determine the main cause of the infestation before proceeding on to the repairs. Always remember to tackle a mold infestation before putting up your home on the market!

 

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  • We called in Green Stone Energy after a Peco audit recommendation and had two quotes. One was a bit more involved but also 80% more $$. They answered my many questions and upon recognizing at the start of the project they had forgot to include two small areas in their quote, they included the... Read More

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    Susan S.,

  • Extremely pleased with everything we received from Green Stone Energy. Everything, from a prompt and fair proposal to timely service appointment. Did not try to oversell us and even recommended not having certain things done as it would not improve the comfort of our home. The work was done... Read More

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  • Everything went perfectly. Wonderful staff to work with at all levels. Highest level of professionalism and workmanship. The night that the work was done, warm air was streaming into our third floor bathroom, for the first time ever. We were amazed at how much energy we must have been wasting... Read More

    April & John S.,

  • Mark came and conducted a thorough inspection. A well detailed estimate was provided. On the first date of the 2-day installation Mark came on site to review the intended job. Both installers were pleasant and more than competent. They cleaned up well each day. They installed ceiling and... Read More

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  • Our experience with Green Stone Energy was outstanding. The first visit involved identifying the energy-saving opportunities that our home presented. We discussed those opportunities and I learned why and how the required work would be done. The second visit involved doing the actual work, which... Read More

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  • An estimator came over to review the findings of a PECO energy audit. Dutch went over the recommendations with me, and got me a proposal a few days later. The team doing the work showed up on time and were very professional. They placed drop cloths before working inside the house and vacuumed... Read More

    Michael K.,

  • "We had an initial call with Green Stone (GS) and agreed to get an estimate. We did the same with several other contractors. The GS representative "Dutch" came to our home and was very knowledgeable of the PECO results and provided a detailed list of energy saving measures we could possibly... Read More

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