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Updated almost 7 years ago on . Most recent reply

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Jeremy Olmen
  • Decatur, GA
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Small Areas of Mold in First Flip

Jeremy Olmen
  • Decatur, GA
Posted

I am at the tail end of my first flip in FL (decorated and on the market). The buyer's inspector found a few small areas of mold in the basement. I'm afraid that 1) a professional remediation of this will eat all of the profit from this flip, and 2) if it's not professionally remediated, having to disclose it to future buyers will scare them off, at least if we were to do it ourselves as the EPA seems to allow given how small an area it covers (3'x3')

None of these areas are large (all around a couple square feet) and are not actively growing (i.e. dry). 

How do experienced flippers handle this? 

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2,131
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Kuba F.
  • Real Estate Investor
  • Los Angeles, CA
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2,131
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Kuba F.
  • Real Estate Investor
  • Los Angeles, CA
Replied

Get some quotes but it's OK to say no to some buyer demands, especially unreasonable replace all the ducts fears.  You can always counter with here's the quote from a professional for what's actually wrong, I'll meet you in the middle. If they walk, that might be for the best so that you can clean it up if it's truly just a small area and sell it at full price to the next buyer.

  • Kuba F.
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