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Forums » Real Estate Deal Analysis and Advice » Do I need to disclose prior mold issues with a house I'm trying to sell?

Do I need to disclose prior mold issues with a house I'm trying to sell? Subscribe to Do I need to disclose prior mold issues with a house I'm trying to sell?

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Ana Hyler

Real Estate Investor · Lincoln, Nebraska


Forum_avatar_avatar-abhyler

Icon_minipost Dec 31 '08, 09:15 PM

I'm wanting to purchase a house with mold issues and erradicate the mold myself (pro's ask way to much) ! I want to flip this property, but I'm afraid that if I disclose prior mold issues and I say I cleaned it myself, they would be afraid and I might loose potential buyers. Do you know if this is something I HAVE to disclose? I mean by the time I put it for sale, the mold issue should be long gone.

Edited: 06/26/2010 at 06:48AM


Account Closed


Forum_avatar_avatar-taz

Icon_minipost Dec 31 '08, 09:43 PM

Well, it depends on what your locality requires. Some require disclosure even after it has been cleaned up. Some areas require a professional test the mold to see if it is toxic black mold, if it is then professional cleanup is required, if not, DIY is allowed.

Even if it is not required, I would get the mold tested. Your health is not worth what you would save. If it is toxic black mold, don't even think about doing it yourself, it is waaay too dangerous.

In fact, I'd make the current owner have the mold tested prior to closing on escrow.

Edited: 06/26/2010 at 06:48AM


Ana Hyler

Real Estate Investor · Lincoln, Nebraska


Forum_avatar_avatar-abhyler

Icon_minipost Dec 31 '08, 10:20 PM

Thanks for your reply. the seller is selling as is though....can I still request this if it is AS IS ?

Edited: 06/26/2010 at 06:48AM


Jeffrey K.

Real Estate Investor · Milwaukee, Wisconsin


Forum_avatar_avatar-koenigjl

Icon_minipost Jan 01 '09, 07:09 AM

You can request anything. The worst they can say is no.

Edited: 06/26/2010 at 06:49AM


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