Selling a house contaminated with mold isn’t a pleasant thing to have to deal with. There are a few things that you can do, however, to make the selling of your mold-contaminated home as painless as possible.
Any real estate sales contract should have in it an environmental inspection clause that allows for a 2 week to a 3 week inspection period so the buyer can have a professional mold inspector view the property and test it for mold or any other kind of natural hazards that might occur in the home. If it’s obvious that mold exists in the home, the only testing you should need is to determine whether the mold is toxic or not. Even if the mold isn’t a hazard to your health, it could be a hazard to the home’s structural integrity. If you can have the mold removed from the home before you sell it, this is the best thing to do. Selling the home will be easier if the mold is already gone, although you can leave this up to the buyer if you want to sell the home for a little less.
The owner of a property being sold shouldn’t make any attempt to hide mold if the problem is known about. If the buyer of the home suspects that you were trying to hide the problem, they may back away from the house completely. After all, if you would deceive them about the mold, what else could you be deceiving them about?
You should have in writing what you have done to try and correct any problems with mold or other environmental hazards. Any past water or mold damage should be disclosed also in this writing and it should be added to the sales contract so the buyer of the home legally knows about it. In addition to this, the seller should include in the contract that the home is being sold as-is and that there is no kind of warranty on the property for any environmental reasons.
Lastly, you should ask for a clause that releases not only you, but the lender, and the real estate agent from any and all liability related to mold to the buyer. As long as the information that you have given in your report about the past water and mold damage to the home and what you have done to remove it is complete and accurate to the best of your knowledge, you should be on solid legal ground should any problems with the buyer arise later.
Showing posts with label home fire. Show all posts
Showing posts with label home fire. Show all posts
Friday, January 18, 2008
Filing Your Flood Damage Insurance Claim
A flood can be a homeowner’s worst nightmare, especially if it engulfs almost the entire house like many of the homes that were made uninhabitable by Hurricane Katrina a few years ago. In case you ever have to face this catastrophe, here are a few tips on how to deal with it and file the insurance claim. Depending on the amount of water damage to your home, it may be salvageable and it may not, but the first step is getting your claim filed.
The first thing you should do after the water has been cleared from your home, call your insurance agent or company as soon as you can. If you can, have your name, policy number, and a phone number or e-mail address that you can be reached at handy when you call. This will speed up the process more than you think.
When you’re filing your claim, request a time frame for when your adjuster will be sent to your home. Try to be patient, especially if you live in an area that has withstood extensive damage due to a river flowing over its banks or a dam that has burst. The water damage to your home depends upon just how high the water rose in and around it.
Once the adjuster has become available and is able to reach you and your home, he or she will help you determine just how much they are willing and able to compensate you for the loss of your property and help determine just how extensive the water damage is.
If your contact information changes in any way, let your insurance adjuster know as soon as possible. If you’re in a shelter of some kind or staying with a relative or friend, give your adjuster the name of someone who has the ability to reach you. If you can’t get home, it’s best to make a list of as many items as you can think of that may need to be replaced or repaired in your home. Computers, television sets, clothing, expensive electronic equipment, books, and etcetera should be listed here. List anything of value that could have been water damaged or lost.
If you can return home, you should separate the damaged items from the undamaged items and take pictures of your property to give the adjuster a good idea of the kind of loss you have endured.
Even if this event has never happened to you or if you’re not expecting any water damage like this to your home any time soon (and who really is), one of the best things that you can do for your home is to take a video every year of your home and its contents. Put this video in a waterproof (and fireproof) safe in case the unthinkable ever happens.
The first thing you should do after the water has been cleared from your home, call your insurance agent or company as soon as you can. If you can, have your name, policy number, and a phone number or e-mail address that you can be reached at handy when you call. This will speed up the process more than you think.
When you’re filing your claim, request a time frame for when your adjuster will be sent to your home. Try to be patient, especially if you live in an area that has withstood extensive damage due to a river flowing over its banks or a dam that has burst. The water damage to your home depends upon just how high the water rose in and around it.
Once the adjuster has become available and is able to reach you and your home, he or she will help you determine just how much they are willing and able to compensate you for the loss of your property and help determine just how extensive the water damage is.
If your contact information changes in any way, let your insurance adjuster know as soon as possible. If you’re in a shelter of some kind or staying with a relative or friend, give your adjuster the name of someone who has the ability to reach you. If you can’t get home, it’s best to make a list of as many items as you can think of that may need to be replaced or repaired in your home. Computers, television sets, clothing, expensive electronic equipment, books, and etcetera should be listed here. List anything of value that could have been water damaged or lost.
If you can return home, you should separate the damaged items from the undamaged items and take pictures of your property to give the adjuster a good idea of the kind of loss you have endured.
Even if this event has never happened to you or if you’re not expecting any water damage like this to your home any time soon (and who really is), one of the best things that you can do for your home is to take a video every year of your home and its contents. Put this video in a waterproof (and fireproof) safe in case the unthinkable ever happens.
A Few Quick Facts About Mold
Something that a lot of people don’t know about mold is that it is everywhere we are. It’s hard to escape mold entirely, because it’s in the air we breathe. It is a form of fungi that grows all around the world and there are countless species of it that can be almost any color you can think of. A lot of them are harmless, but the ones that aren’t, such as toxic black mold, are the ones that most people are concerned about growing in their homes. Along with being unsightly, it can cause many health complications, especially if someone living or working in the affected area is allergic to it.
How does it get into your building? It usually comes from outdoors, either due to water leaking into the house from outside or because the humidity in a home is too high. Areas with water damage such as roofs, flooded areas, crawl spaces, and plumbing leaks are often sites for mold infections.
Why should you worry about it? Aside from the health complications that some molds can cause, it has been known to grow on furniture, clothing stuffed into the backs of closets, and even children’s toys. All these items need to be cleaned thoroughly and sterilized before being used again, if they’re used again at all. Some items like clothing are easier to throw away than they are to clean. The structural damage that mold can cause to your home overtime can be substantial and as soon as you discover a mold infestation, it’s best to either call in a professional to get rid of it or, if it’s a smaller infection, remove the mold and clean the area yourself using the different testing and cleaning kits that are available on the market today.
Who should worry about mold the most? The people who are most affected by mold in their homes or places of business are infants and small children, the elderly, people with respiratory conditions such as asthma or emphysema, anyone with a weakened immune system, such as people with HIV or AIDS, chemotherapy patients, anyone who has just had surgery, and pregnant women.
How do you prevent mold? The easiest way to prevent mold is to make sure your home is a cool and dry environment. Bathrooms and kitchens should be paid special attention to. Clean up spills and leaking water quickly and do not allow standing water in any part of your home, even the basement, because the infestation can and will spread to other areas of your home. Do your best to direct heat and moisture from clothes dryers, dish washers, stoves, and bathrooms outside your home with the appropriate fans and vents.
How does it get into your building? It usually comes from outdoors, either due to water leaking into the house from outside or because the humidity in a home is too high. Areas with water damage such as roofs, flooded areas, crawl spaces, and plumbing leaks are often sites for mold infections.
Why should you worry about it? Aside from the health complications that some molds can cause, it has been known to grow on furniture, clothing stuffed into the backs of closets, and even children’s toys. All these items need to be cleaned thoroughly and sterilized before being used again, if they’re used again at all. Some items like clothing are easier to throw away than they are to clean. The structural damage that mold can cause to your home overtime can be substantial and as soon as you discover a mold infestation, it’s best to either call in a professional to get rid of it or, if it’s a smaller infection, remove the mold and clean the area yourself using the different testing and cleaning kits that are available on the market today.
Who should worry about mold the most? The people who are most affected by mold in their homes or places of business are infants and small children, the elderly, people with respiratory conditions such as asthma or emphysema, anyone with a weakened immune system, such as people with HIV or AIDS, chemotherapy patients, anyone who has just had surgery, and pregnant women.
How do you prevent mold? The easiest way to prevent mold is to make sure your home is a cool and dry environment. Bathrooms and kitchens should be paid special attention to. Clean up spills and leaking water quickly and do not allow standing water in any part of your home, even the basement, because the infestation can and will spread to other areas of your home. Do your best to direct heat and moisture from clothes dryers, dish washers, stoves, and bathrooms outside your home with the appropriate fans and vents.
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