Mold – A Four Letter Word in Mission Viejo Real Estate Today?
This post is right on. I am dealing with a mold issue in Mission Viejo REO home right now and all of the items in this post are spot on. Upon a thorough mold inspection by a certified Mold Inspector, we found mold in this REO home for sale in Mission Viejo. The mold inspection was useful to isolate the area of contamination – ruling out other potential sources. The mold growth was likely due to a leaky valve at the water supply in the refrigerator cabinet. And then spores sample were pulled and analyzed by an independent lab to quantify for the bank the health hazard. In most cases, the bank will agree to remediation, as they are now obligated to disclose the fact that there’s mold. Or at least a credit to the buyer to do the remediation after the close.
Now understand, this is all at the buyer’s expense as a part of the buyer’s inspection rights. But having the quantitative evidence will go a long way toward negotiating with the bank. And just take the facts into consideration when you decide to stay in the deal or walk away. For any home buyer. Be it an investor or someone looking for a great deal in Mission Viejo Real Estate today.