If you plan on selling a house with mold problems in Arizona, time is of the essence. Mold can present serious health risks to you and your family, as well as major problems if you want to sell a house in Phoenix fast.
If you’re trying to sell a house with mold in Phoenix and the surrounding areas, below is what you need to know.
Arizona Mold Disclosure
By state law, a seller in Arizona must disclose that the property they are attempting to sell has issues with mold. This falls under an “environmental information” disclosure, which covers mold, asbestos, lead-based paint, and more.
While there is no specific disclosure form, a homeowner can submit the information on the Residential Seller’s Property Disclosure Statement. Otherwise known as “spuds”, this statement was created by the Arizona Association of Realtors. This statement must be delivered to a potential buyer within 5 days of accepting an offer, even if the property is being sold as is.
Failing to disclose mold problems in Arizona could lead to legal action, including monetary damages or even a voided contract.
What to Expect When Selling A House With Mold
In addition to the Arizona mold disclosure, there are several other things you need to be prepared for when selling a house with black mold with a real estate agent.
- Repair Costs
The repair costs associated with mold can reach into the thousands. In fact, the average cost for mold remediation is just over $2,000. And depending on the size or where the mold is located, it could cost upwards of $6,000.
- Inspection Costs
Even if you’ve had every inch of mold removed from your house, it’s still a good idea to have a professional inspection. An inspection will provide you with documents you can show to potential buyers that prove the mold problem has been addressed and solved. An average home inspection costs $315.
- Partial Removal Costs
So you’ve had the mold removed and hired a professional inspector. Unfortunately, that may STILL not be the end of the costs. There are some cases in which the house may be prone to mold problems. If this happens, you can assume partial mold removal costs by issuing a credit to the buyer.
- Assume A Drop In Price
If you have any issues with mold in your house, no matter how big or small, it’s safe to assume there will be a drop in the home’s value. Mold is one of the few things that will scare most potential buyers altogether. However, if someone is still interested, it’s incredibly unlikely you will receive market value for the property.
If you have any problems with mold in your house, don’t let them fester and address them immediately!
Selling A House With Mold Is Quick & Easy With Cash Home Buyers Phoenix!
Selling a house with mold problems in Arizona is quick and easy with the professionals right here at Cash Home Buyers Phoenix!
Our team has experience buying houses all over the Valley with mold problems, water damage, termite damage, fire damage and more!
And with Cash Home Buyers Phoenix, there are:
- NO Repair Costs
- NO Closing Costs
- NO Real Estate Agents
- NO Commissions or Fees!
We will buy your house with mold damage as is, and you’ll get CASH FAST!
If you’re trying to sell a house with mold, we want to speak with you!
To receive a FREE, NO OBLIGATION offer on your house with mold, call us at (480) 758-3781 or submit your information with just a few clicks on our offer page today!