PG County MD Homes for sale deal killer-Mold. This blog was inspired by a blog written by Steve Loynd's blog The radon gas - deal killer.
I have been working with a buyer for the past two months now. I have shown this couple over 40 houses-Feel my pain. Now that might not be a lot to some real estate agents but to me,that is a lot. About 35 of them had mold in it. You know mold-type of fungus that grows on plants and fibers and is most often associated with damp, musty locations such as bathrooms, basements and attics. ... Me I call Mold -"the deal killer in P.G County MD houses for sale". And if you are a Real Estate Agent who works in P.G County Maryland,you already know that a lot of P.G County MD homes for sale have mold in them.
Banks who are already taking a loss selling a house below market value are not willing to make no repairs to these houses. That's why first time home buyers really need to know upfront by their real estate professionals during the home buyer consultation that foreclosured homes are being sold "as-is" and banks are not willing to make no repairs to them-NONE. Most of my first time PG County MD home buyers don't have money to pay for mold remediation (which will cost you thousands of dollars depending on how much the mold has spreaded all over the place) in their already tight spending budget.
So how can banks help home buyers overcome the issue of mold? Banks should offer financial assistance to first time home buyers who really want to buy a PG County MD house for sale. Banks should give first time home buyers up to $5000 or more (depending on how much mold is in the house)in grants that they should only use to only pay for fixing the mold issue. But if they sell the house in less than three years,they should pay all of it back. Kind of similiar to the $8000 first time home buyer tax credit for DC and MD Home buyers .Doing that I think first time home buyers will help decrease the amount of housing inventory in P.G County Maryland which is 85% or more short sales or foreclosures that is currently on the market.
Most first-time home buyers want to buy a move in ready house,not a mold in it already house. Mold is a deal killer in PG County MD Homes for sale and until there is a way to solve this problem,deals will continue to fall apart.
And another thing. Why is it that a lot and I mean a lot of houses for sale in PG County MD have mold in them?
Search here if you are looking to buy your first PG County MD home for sale.
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