Selling Moldy Real Estate

If you are trying to sell a house that is contaminated with mold, you probably have a pretty short list of possible buyers. You also probably do not want to lose any of those possible buyers and you want the transaction to go as smoothly as possible. There are a few tips that you can use when selling a home like this to make sure that you get the most you can possibly get.

You need to allow the buyer to inspect the house for themselves and find out what kind of mold exists on the property. An environmental inspection clause should be included into the sales contract. If you can have the mold removed from the home at your own expense without taking a huge profit loss, you should do so. A buyer will be much more quick to actually purchase the home from you if you are completely honest about the home’s condition. You will also be able to sell the home quicker if the mold inside it is not toxic. If you can prove that it is not via mold testing kits, then the sale will go by quicker.

Again, make no attempts to cover up the mold problem in the house. Do not be nervous about it. If it is beyond your ability to remove the mold, then tell the buyer so. Explain your situation. If they are sympathetic, they may or may not be more willing to purchase from you. If they suspect you are hiding something, however, they will likely walk right out the door.

In the final sales contract, you need to have a clause that releases you and anyone involved in your end of the deal from any legal liability due to the mold. This states that the buyer already knew that the mold existed on the property and that you are no longer responsible for its presence. Include that the home was sold to the buyer in an “as-is” state and that you are not responsible for the property nor is there any warranty on it, implied or otherwise.

List all past major damage that the home has suffered due to water damage or mold so that your buyer has a complete history. Giving this information to your buyer will show them that they can trust you and that you are hiding nothing from them. This should leave you on solid ground once the final contract is signed.

How to Keep Your Basement Dry

Most homeowners do not consider the basement a very important part of the house, but since the rest of your home’s structure is on top of this, you might want to rethink just how valuable of a room this is. Whether you use it for storage, a guest bedroom, laundry room, or anything else you can think of, it is important to make sure that this room of the house remains structurally sound.

While it is a common problem, wet basements are something that most homeowners do not have to deal with if they take some precautions and the time to make some adjustments on their own. Many wet basement issues can be fixed by the homeowner without having to hire any outside help.

You can fix any cracks in the concrete walls of your basement where water is leaking in by using a simple injection of concrete. Doing this used to require expensive and heavy equipment, but the size and expense of this has gone down so significantly that you can now do it with a normal caulking gun. Do not try do this with the silicone caulking that you would use in a bathroom or kitchen or attempt to fix it with cement, either. These two items will only become loose and fall out, no longer forming the water barrier that you need to have in place.

If water is forming in puddles around the foundation of your house, then you probably need to pile some more soil around the house so the water runs away from the house instead of leaking down into the basement. Installing a drainage system can also help with this. Making sure your rain gutters stay cleaned out is also another thing that you can do to try and keep water out of your basement. While they seem unrelated, gutters that are clogged let water merely fall off the roof and down to the base of the house.

You can also choose to install a dehumidifier and some energy efficient windows. You will know that you have a humidity problem in the room if condensation builds up on the window panes. Putting in an exhaust vent down there can also help reduce the humidity, especially if you use the area as a laundry room or an extra bathroom. This helps prevent the steam from being absorbed by the rafters or the drywall ceiling.