Re: Question re: selling house without remediation

[Guest guest]

i know that the texas real estate market has taken a big hit due to

mold. not because people won't BUY the house, but because you can't

get anyone to INSURE the house. so the only people that would be

prospective buyers would be people who can pay for it outright

without a mortgage, since you can't get a mortgage without

insurance. i think there is a company in texas that buys moldy

houses....

>

> Hi--

> Just curious.

> Has anyone sold their house with just a mold disclosure, but not

done

> the remediation?

> I am currently working with a public adjuster and we are waiting to

hear

> from my insurance company as to the extent of coverage, if any.

> I'm just thinking ahead about options, in case the insurance company

> won't cover the cost of remediation.

> I'm also waiting for remediation quotes as well.

>

> If you did sell without doing the remediation, did you take a big

hit in

> the selling price?

> Did the perspective buyers want a drastic reduction in house price.

> Any info around this would be helpful!

> Thanks

>

> Pat Burgess

> pat@c...