Are you unable to continue living in your home due to mold problems? Selling a house with mold might not seem ideal but some homeowners have no other option. If you’re wondering, “How can I sell my house fast in Memphis when it has mold?” this guide has your answer.
Legal Obligations for Selling a Mold-Infested House
No law prohibits you from selling your home after a mold inspection reveals harmful spores around your house. However, it’s your responsibility to be upfront about the home’s condition to potential buyers. Failing to give a proper disclosure about the mold issue can give a buyer the right to sue for misrepresenting the home.
If a buyer asks for details regarding mold, water damage, or other issues that affect a home’s property value, you must be honest about its condition so the next owner can prepare for remediation.
Obstacles Homeowners Face When Selling a House With Mold
Once mold begins to grow inside a home, it presents major health concerns. The environment can become unsafe for occupants and cause symptoms like difficulty breathing, headache, and dizziness. Selling a house with mold sounds like a simple way to rid yourself of the problem but traditional home buyers might not be eager to move in.
If you put your home on the market with mold present, expect to face the following obstacles:
- A lack of offers or rescinded offers upon disclosure of the mold problem
- Negotiations asking you to pay for mold remediation services
- Lowball offers given the home’s condition
These drawbacks often leave homeowners struggling to sell their houses while the mold problem continues to worsen.
How To Sell a House With Mold Issues
If your home has mold, you don’t have to worry about negotiating with buyers over repairs or waiting several weeks for offers to come in. Cash home buyers offer a simple solution by purchasing your home as-is. Local home-buying companies consisting of real estate investors will provide you with a cash offer based on the property value without any repairs.
Traditional home sales involve several steps that can delay the process, including:
- Listing and marketing the house
- Letting potential buyers view the home
- Waiting for offers
- Undergoing a home inspection before closing the sale
Oftentimes, homes with mold or structural issues don’t receive many offers, or buyers back out if the seller doesn’t agree to make repairs. A quick home sale means receiving a guaranteed offer right away without the hassle of listing your home with a real estate agent. Investors make all of the necessary repairs after purchasing the home and you can close the sale when it’s convenient for you.
Sell Your House As-Is – Contact Alan With Pyramid Properties
Selling a house with mold the traditional way can be difficult given the serious health risks and remediation costs buyers face. Instead of trying to find home buyers through a real estate agent, contact Alan with Pyramid Properties. You can receive a fair cash offer for your home and sell it in any condition.
Call 901-504-5555 to discuss your home’s condition. Learn more now.