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Jaqueline Price
  • Real Estate Investor
  • Spring, TX
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REO mold disclosure

Jaqueline Price
  • Real Estate Investor
  • Spring, TX
Posted Aug 3 2008, 10:50

Is this common being that the property is sold "as-is"? We just submitted an offer and "oh by the way we need you to sign...a mold disclosure/indemnification agreement".

I am simply wondering if this is customary or a red flag. We realize we are buying the property "as-is" but this will be our first home and our primary residence. I'm hoping this is just a standard disclosure and an inspection will cure my qualms but if not, I'd rather keep the couple hundred dollars :blush: .

TIA

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