7 Signs of Mold and Water Damage in Your Home
In Michigan homes, mold and water damage is an unfortunately common occurrence. From basements flooding to frozen pipes bursting, we live in a climate ripe for this particular type of wear.
If you identify mold or water damage early on, there’s a chance you could fix it with a simple solution. Here are some signs to look out for:
- Wet or dark spots on your ceiling and walls
- Cracking drywall or flaking paint
- Leaks or pooling water
- Dripping sounds
- Higher utility bills
- Damp, musty smells
- Allergy, asthma, or cold flare-ups
But if your home’s mold or water damage gets left unnoticed and untreated, it can quickly grow to be a problem past the point of simple repairs. And when these issues get extensive, they get expensive — likely being more than you’re willing to pay for. That’s when you may start to wonder when it’s time to pack up and move on.
How to Sell a House With Mold or Water Damage: Your 3 Options
Selling a house with mold or water damage is possible. But before you move forward with that decision, it’s important to understand your options and be realistic about what the best choice is for you. Here’s a breakdown of three of the most common choices homeowners make in this situation.
Get Rid of Mold and Water Damage
If you have the time and money to make repairs, you can absolutely do so. If you sell your home post-repair, you’ll likely get more money for it. If you make the repairs and wish to stay in your home, you’ll be able to live much more safely and comfortably.
However, if you can’t afford to get rid of your home’s mold and water damage, this isn’t the best option for you. There’s no sense in putting time and money into something you can’t or can barely afford. More often than not, there’s a better option for you out there.
Leave Repairs Up to the Buyer
You can sell your house with mold or water damage and leave the repairs up to the buyer. Just know that if you choose this option, you must disclose the issues to the prospective buyer. It’s illegal not to, as it could put their safety at risk.
You should also know that you’ll likely have to lower your listing price for the home, as you need to take the damage and how much it’ll cost to fix it into account. You may also have to spend time and money on your listing, working with a realtor, and proceeding through the closing process.
Sell Your Home As-Is to an All-Cash Buyer
When you’re stuck with too much mold or water damage than you can handle, perhaps the best choice is to sell your home as-is to an all-cash buyer. You’ll still have to disclose the damage to the buyer and settle for a bit lower of a listing price, but you’ll be able to get cash in your pocket fast.
This allows you to transfer your problematic home to someone else, not worry about any time or money spent on repairs, and move on to something better for your family. At Hometown Development, we’re known to close in as little as five days — offering the most hassle-free selling process out there.
Walk Away From Your House With Mold or Water Damage. Request a Free Cash Offer!
When mold and water damage get to be too much, sometimes it’s best to sell your house, walk away from the trouble, and move on to something better. Contact our team so we can learn more about your property, then we’ll provide you with a free, no-obligation cash offer within just 24 hours — guaranteed!