Tag Archives: Buying A House With Mold

Mold in Real Estate Sales – Some Tips for Consideration

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Mold Can Be Detrimental to Your Health.

Mold Can Be Detrimental to Your Health.

Anyone involved in real estate buying or selling can be affected by health-damaging mold. Seeping moisture or troublesome leaks that are discovered in residential (and commercial) buildings raise red flags for home buyers and sellers. How can Stern’s NYC mold removal team help you gain the upper hand? Check below to find out some tidbits that can ensure mold doesn’t negatively impact your goals.

Q-Tips for Mold

There are several important questions you can ask yourself or others when dealing with mold to help you prepare for mold complications. Here are a few of them:

– How much do I know about mold?

– What are the signs of mold growth?

– How does mold affect my/your health? Why does mold trigger buyer’s remorse?

– Should a buyer or seller pay for a mold inspection? Is it worth it?

– Is mold remediation within my selling (or buying) budget?

– What is causing mold to grow? Is it the climate or something else?

– What is the difference between common mold and black mold?

Our Trusted Stern NYC Mold Removal Team

Asking the right questions benefit all parties involved. If you’re seeking to purchase a home, look for tell-tale signs of mold. If you have any doubts about a home’s safety, seeking professional help is the only answer. It can spare you from health issues and costly expenditures in the future.

If you wish to sell your home or business and wonder if mold will affect your selling power/profit, wonder no longer! Our NYC mold removal team is ready to stop the mold before it becomes a real hazard. Don’t allow mold to contaminate your goals. Make the right inquiries–get positive results!

Posted in Mold Identification, Mold Information, News

The Cost of Litigation of Untreated Mold Problems

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Worried About a Possible Mold Issue? Think About the Kids.

Worried About a Possible Mold Issue? Think About the Kids.

What is the price of your family’s health? As organizations such as the Environmental Protective Agency (EPA) and the Centers for Disease Control and Prevention (CDC) continue to warn about mold and fungus as serious causes of illness, courts are becoming more likely to award monetary damages.

Failure to address moisture and mold problems can result in serious liability for property owners. Here are two cases where landlords and home owners were held responsible for significant damages caused by lack of mold treatment.

Former NBA Coach Cited for “Technical Foul”

After former NBA player and coach Rudy Tomjanovich and his wife sold their Pacific Palisades home, the purchaser sued over lack of disclosure concerning water leaks accompanied by mold and fungus. The couple claimed that there had been only one leak that was promptly repaired, and they blamed the non-disclosure on their attorneys.

The Tomjanovichs were ordered to pay more than $3 million in compensatory and punitive damages. This case underscores the fact that water damage and remediation efforts must always be disclosed in property transactions.

Renter Beware

An Oregon radiologist rented a home which developed a water leak in a stairwell. The tenant promptly reported the issue to the property management company, but they took no action. When an indoor air quality expert discovered numerous defects that caused allergic symptoms, the renter sued and received an award of $103,000.

Efficient Mold and Fungus Remediation in NYC and Northern NJ

If you suspect mold and fungus in your home or business, our Stern Mold technicians can perform eco-friendly and non-invasive remediation using our MoldExterm process. Contact us to schedule a free mold inspection.

Posted in Mold & Your Health, Mold Law

Presence of Mold Can Drop Your Real Estate Value

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Having a mold problem in your home taken care of as soon as possible is important for health and safety reasons, but don’t overlook the financial consequences as well. Black mold can reduce your home’s value, making it much harder for you to sell and increasing the risk of having to settle for a lower price.

The owners of the Coe mansion in Meriden, CT found this out the hard way while trying to sell the property. The mansion, which dates back to 1875, has dropped in price from $899,000 to $595,000, but the owners are expecting to get even less for it when they do find a buyer. Black mold has been found inside the property, creating a health risk, and the home has been vandalized a number of times. The Coe mansion has been vacant for several years and has not been well-maintained, which explains the presence of mold and other problems. Despite having 8,600 square feet of space on 1.4 acres, the mansion will require extensive work, including mold removal.

The drastic drop in price for the Coe mansion is an important lesson for homeowners to keep in mind. If you’ll be putting your home on the market soon, hiring NJ mold treatment services sooner rather than later is essential. Otherwise, your home could end up on the market for a lot longer than you expected.

If you think you have a mold problem, contact Stern Mold. Our NJ mold treatment experts can safely get rid of these harmful growths in order to keep your home environment a healthy one for you and your family.

Posted in Mold & Your Health, Mold Tips, MoldExterm, News