Selling A House With Mold In Colorado Springs

Selling a House with Mold in Colorado Springs - (719) 286-0053
  1. It is legally possible to sell a house with mold in Colorado, but sellers must disclose any known mold issues to potential buyers.
  2. Colorado law requires sellers to provide a written disclosure statement that includes information about the presence of mold in the property.
  3. While it’s legal to sell a house with mold, it can be challenging due to potential health risks and the cost of remediation.
  4. Mold can significantly impact the resale value of a home, as buyers are often wary of purchasing properties with mold problems.
  5. Homeowners in Colorado Springs have several options when dealing with mold:
    • DIY remediation (for small, accessible areas)
    • Hiring professional mold remediation services
    • Selling the property “as-is” to investors
  6. Professional mold remediation in Colorado Springs can cost between $500 to $10,000+, depending on the severity of the problem.
  7. Some investors in Colorado Springs are willing to purchase homes with mold issues, but typically at a lower price to account for remediation costs.
  8. When selling to investors, homeowners should:
    • Be transparent about the mold issue
    • Provide documentation of any assessments or remediation efforts
    • Negotiate to maximize their return
    • Consider seeking guidance from a real estate agent specializing in “as-is” sales
  9. 360MOLD is mentioned as a local company in Colorado Springs that offers mold inspection, testing, and removal services using non-toxic, chemical-free products.
  10. While selling a house with mold can be challenging, with the right approach and professional assistance, it is possible to navigate the process successfully in Colorado Springs.

So, you want to sell your home in Colorado Springs but it’s completely infested with mold?

Not to worry!  Mold is a common problem for homeowners in Colorado, and it’s not something to get all worked up about because the facts are that most mold is not dangerous.

But some molds such as black mold and chart arum can cause breathing problems and other respiratory issues.  This can also lead to expensive lawsuits if a home that you are renting out has mold inside of it, and it causes health issues for the tenants.

ScenarioPotential Solutions
Selling a House with Mold
  • Disclosure to Potential Buyers
  • Professional Mold Remediation
  • Selling “As-Is” to Investors

 So, here’s the solution to your annoying mold problem:

Selling a home with mold is something that you should take seriously, as it can be an extremely tricky situation to navigate.  Most buyers will run away at the first sign of mold, and will never come back to look at the property or make an offer.

We are a bit different, as we specialize in buying houses with mold because we work with contractors who can safely remove this hazardous substance without posing any further health risks for the property owner.

Can You Sell A House As-Is With Mold?

The answer is Yes!  You can sell a house as-is with mold as long as you disclose that information to the buyer in the terms of the agreement.  If you attempt to hide the fact that the house has a mold problem, then you could be subject to state fines for concealing a problem that could impact the health of another person, so never take that route!

Always let the buyer know that mold exists on the property because it can be taken care of and it’s not the end of the road!

Most of the time when you are selling a house with mold, the buyer will be paying 100% cash.  Lenders will typically not put money up for a house that has been infected with mold unless it has been successfully removed.  This is why dealing with a cash investor such as HBR Colorado is such a great option.

You can sell your moldy house for a fair, all-cash offer without having to make the expensive repairs necessary to get it ready to sell on the retail market.  We can also help if you are selling your house in divorce or selling a home in probate, so please contact us if you are facing either one of these situations, and we will make you a cash offer in under 24 hours.

Spotting And Identifying Different Types Of Mold

If you begin noticing some black spots appearing on a wall, or around the ventilation systems in your home, then this is probably the beginning stages of a mold infestation, and you should immediately obtain a mold test kit from your local home supply store in order to see what type of fungus you are dealing with.

Humans come into contact with many different mold spores throughout the day and is usually not a problem in small amounts.  It’s only when you get over-growths in moist and damp places in your home and fail to catch it early on, that it becomes a serious problem.

This is when it’s time to take action, and either pay to get the mold removed, or sell the home for cash and move on with your life.

Lower Price

As expected, the cash buyer who does end up purchasing your home with mold will be making a lower offer on the home than if it didn’t have a mold problem.

But at this stage in the game, most homeowners are simply happy that they found someone willing to purchase the property at all…so they usually end up accepting the offer.

What Are The Health Risks Associated With Mold In Homes

Mold in homes can pose several health risks, particularly for people with allergies, asthma, or weakened immune systems. Here are the key health concerns associated with household mold exposure:

Allergic Reactions

Mold can trigger allergic reactions in sensitive individuals, causing symptoms such as:

  • Runny or stuffy nose
  • Sneezing
  • Coughing
  • Wheezing
  • Red, itchy eyes
  • Skin rash

These allergic responses are the most common health effects of mold exposure.

Respiratory Issues

Mold can exacerbate existing respiratory conditions and potentially cause new ones:

  • Asthma: Mold can trigger asthma attacks in people with the condition and may increase the risk of developing asthma, especially in children
  • Hypersensitivity Pneumonitis: In rare cases, exposure to large amounts of mold can cause this serious lung inflammation, typically in occupational settings
  • Irritation: Even in non-allergic individuals, mold can irritate the eyes, skin, nose, throat, and lungs

Infections

People with weakened immune systems or chronic lung conditions may be at risk of fungal infections from mold exposure, such as:

  • Aspergillosis
  • Pneumonia

Other Health Effects

While less common, other potential health effects include:

  • Headaches
  • Fatigue
  • Difficulty concentrating

It’s important to note that the severity of health effects can vary depending on the individual’s sensitivity, the type of mold, and the extent of exposure.

Vulnerable Groups

Some people are at higher risk of experiencing health problems from mold exposure:

  • Infants and children
  • Older adults
  • People with allergies or asthma
  • Individuals with weakened immune systems
  • Those with chronic lung diseases

While there have been concerns about more serious health effects like memory loss or cancer, current scientific evidence does not support a direct link between household mold exposure and these conditions.

To protect your health, it’s crucial to prevent mold growth in your home by controlling moisture and promptly addressing any water damage or leaks. If you suspect a mold problem, it’s best to clean it up quickly or consult a professional for extensive mold issues.

What To Do If You Are Selling Your Home And Discover A Mold Problem

If you are selling a home that is infested with mold, you should always make sure that the first thing you do is to inform any interested buyers about the mold problem, this way you won’t run into any legal troubles once the sale has been finalized.

The most responsible way to handle a mold problem is to pay to have it removed before you list the property for sale on the retail market.  However, this process can be extremely expensive and time-consuming, and it can often take months before the property is finally ready to be listed.

The best method for dealing with mold is to inspect your home regularly to see if you can prevent the infestation from growing out of control.  If you can catch it and kill it early with bleach and other household cleaners, then maybe you can avoid a more expensive removal service down the line.

Check For Mold Growth Areas Around the Home

Another good idea is to fix any leaky pipes or other moist areas around your home where mold is likely to develop and spread.  If you can eliminate some of these breeding grounds early on, then your home will be in much better condition in the long run, and you will be much more satisfied with your home selling process.

You will also want to get a standard mold inspection of your property, this way you can detect and eliminate the problem early on, and your buyer won’t be dealing with the brunt of this annoying problem.

Once the home has been inspected, then your buyer can have a clearer picture of what type of deal they are stepping into, and what kind of condition the home is in, that they are purchasing.

If the home inspector does discover mold, and you are paying someone for the removal process, be aware that it will take some time and money.  The mold removal specialist must not only kill the existing mold, but they must also treat the infected areas to make sure that it doesn’t grow back in the future.

It would also be smart to work with a mold removal specialist who offers a warranty on their work, this way if it does end up growing back then you won’t have to rehire another company to come back in and treat the area a second time.

Final Thoughts

Selling a home with mold in Colorado Springs is not something to be taken lightly, as it can impact your health and the health of the people buying the property.  Please make sure that you are checking your homes for mold regularly, and that you are treating any moldy areas in your home to prevent them from infecting the rest of your house and growing out of control.

The key is to perform routine maintenance on your property to make sure that it remains in good condition, and is suitable for a buyer in your local market.  If you don’t want to go through the hassle of paying for mold removal, then you can always sell your home to a cash buyer such as us.

We will inspect the damage, and make you a fair all-cash offer on the property, allowing you to walk away from the deal with cash in your pocket, and no longer worry about that burdensome, moldy home that has been a thorn in your side for far too long.

Contact us today to get your 100% free, no-obligation cash offer, because we buy moldy houses in Colorado Springs!

Brian

Entrepreneur, online marketer, real estate investor, and owner of the Sell Your House To Tactical Investing Inc. franchise

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