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Rainmaker
1,027,435
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I think there are still some folks who freak out if they see mildew in the shower and assume it's toxic mold but overall, it seems buyers have become a little calmer and understand not all mold is toxic and that is it problem that can be remediated. 

Jul 29, 2015 08:19 PM
Rainmaker
893,497
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Like always, it is the context in which the information is presented.

There is mold that matters and some that doesn't.

There are agents that know this and some that do not.

And there are buyers who don't mind HV power lines in the back yard while others tremble in fear whenever they must drive alongside them.

In my case mold is not the death nail. Presented incorrectly it will be the nail applied to that inspector. Remember, the inspector is there to 'discover' not dramatize.

Jul 29, 2015 09:34 PM
Rainmaker
2,455,577
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Michael. Sure it freaks people out and depending on the severity of the problem, could very well kill the transaction. Most times the problem is pretty easily fixable, once the source is found.

Jul 29, 2015 07:19 PM
Rainmaker
5,572,164
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we don't panic....we have the seller call the right company to remediate and it's done....

Jul 29, 2015 10:01 PM
Rainmaker
1,992,501
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Yes they do freak - and yes I have lost transactions (that never came back - at least not yet!) but generally it can be managed and for less MONEY than people think - the inspector's initial presentation of the issue is very important

Jul 29, 2015 09:03 PM
Rainmaker
346,146
Olympus Executive Realty Inc.
Olympus Executive Realty INC. - Orlando, FL
Home Of The Top Producers

I never let a buyer purchase a home with Mold we always walk away. Usually you can detect it the moment you open the door. If you home smells like pine sole they are masking it.

Mediation half the time is done incorrectly as people think spraying it with bleach is remediation. It is not worth the time or effort and the health of others to deal with the "M" word.

Jul 29, 2015 08:39 PM
Rainmaker
6,673,458
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Remediation is available for most of the cases of mold. Home sellers should take care of those issues before offering a property for sale. 

Most of the major mold issues are in REO properties.

Jul 30, 2015 12:17 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Not in many years. Mold is not like lead based paint, asbestos, or Radon gas. The EPA has not to my knowledge set a standard and the last time I checked they were recommending soap and water or clorox for cleaning. I also wouldn't want to be a mold inspector becasue if you kill the deal without government standards you can be sued with cause for your actions.

Jul 29, 2015 11:16 PM
Rainmaker
1,644,482
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Not necessarily. It all depends on the cause of the mold growth, the extent and the plan to remediate.

Jul 29, 2015 10:49 PM
Rainmaker
1,410,984
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Because of the climate here and inadequate venting there is always the chance of mold. Keep the clients informed as for the most part there is a remedy!

Jul 29, 2015 10:17 PM
Rainmaker
292,585
Jack Lewitz
Exit Strategy Realty - Evanston, IL

I am not allowed to say mold in any REO listing. The proper terminology is" wall discoloration " . If detected you are supposed  to report it and determine what area and location is affected . 

In the past I have sold homes with little areas affected and I had the drywall panels removed and treated . I had one house that had water standing in the basement and mold was growing on the walls and ceilings . I restricted shoeings and received 17 offers on this property ?

Jul 29, 2015 10:08 PM
Rainmaker
4,176,878
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It depends on how the mold is identified. It's not necessarily the immediate death of a transaction, but if the mold is found the be serious, pretty much so.

Jul 29, 2015 09:40 PM
Rainer
2,760
Patricia Box
Skagit Tradition Realty - Mount Vernon, WA
Exemplary Office Assistant

Not usually in our area, we live with rain most of the year and mold is common.

Jul 31, 2015 02:28 AM
Ambassador
3,787,270
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Concern yes freaked out no..

Jul 30, 2015 07:47 AM
Rainer
150,619
Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

That's what bleach is for. Just get it taken care of.

Jul 30, 2015 02:04 AM
Rainmaker
178,919
Kim Johnson
Signature Realty Inc. - Coral Springs, FL
Selling South Florida

It depends on how the inspector points it out to the buyers. Yes, they still freak at the word mold.

Jul 30, 2015 01:34 AM
Rainmaker
2,472,894
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Oh the customers allways do.

Jul 30, 2015 12:37 AM
Rainer
66,912
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

First time home buyers really freak out over mold.  I inform all my clients that most mold in bathrooms & kitchens are not dangerous.  We will have the seller repair these molding areas.

Jul 29, 2015 11:56 PM
Rainmaker
1,385,824
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

We had some horrible flooding due to Hurricane Sandy. Any sign of water damage that was incorrectly or incompletely remediated is a red flag for nearly all buyers.

We also have a fantastic remediation guy we refer all of our affected sellers to.

Jul 29, 2015 11:49 PM
Rainmaker
212,705
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

At first I think it freaks a lot of people out, unless its something serious a talk usually settles everyone back down and the deal goes on.

Jul 29, 2015 11:35 PM
Rainer
230,924
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

our weather in California doesn't make it like the gulf coast. BUT our building standards are so strict. this last year all new construction had to have a 24 hour continuous fan in each new build to help with all molds. the reason for this is the homes are mandated to be so air tight, it was causing more mold. thank you government for knowing better than we do.

Jul 29, 2015 11:33 PM
Rainmaker
1,462,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Michael Thornton I sold a house where they found mold spores in the duct work. The ducts were thoroughly cleaned and retested. The purchaser settled.

Jul 29, 2015 11:20 PM
Rainmaker
4,139,446
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It's definitely not a favorite word but it's an issue that can be remedied.  The situation and the communication need to be handled appropriately.   

Jul 29, 2015 11:06 PM