With all the bank owned homes sitting empty on the market right now it's important to be sure to leave the electric turned on within these homes to help keep the humidity levels down and air moving around so that "Mold" doesn't start growing.

 

I always recommend it to the realtors but sometimes we should be telling the banks about these problems. I see about 3 to 4 per week that has a lot of Mold all over the walls, floors. ceilings and doors. Each one of the homes has no electric and no air flow which is key in helping the relative humidity stay low. The banks now have to take a hit on the resale of the home because now all the mold has to be remediated first before someone will buy it.

 

Please tell everyone in the industry to "LEAVE THE AIR ON", and keep the air moving.

 

Trying to help,

 

8 Comments on Don't shut off the air

AUG
14
2008

Goodluck getting the banks to do that lol

10:01pm • #1
474,272 Points 12 Featured Posts Attended Rain Camp Called Shot Master

Well said.  I have seen bank owned homes that have deteriorated greatly due to utilities being shut off.  Although I realize the cost of keeping the utilities on, there is also significant cost related to turning them off!

10:04pm • #2
339,635 Points 5 Featured Posts Localism Sponsor Outside Blog

The banks that I work with require the power /water / gas be turned on.. and truth is seems to help them sell faster ... guess it helps the buyer feel like the home is "fresher"

 

10:06pm • #3
1,329,263 Points 37 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jamie

The banks are not proactive in selling their inventory, the power off, the lawns are in poor condition, homes are not clean. They just don't understand selling real estate.

Good luck and success

Lou Ludwig

10:10pm • #4
520,570 Points 25 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Banks aren't really in the real estate business so they don't know all teh little common sense tips that we know.

10:21pm • #5
406,245 Points 25 Featured Posts Outside Blog Called Shot Master

Good idea, however, as Lou said, the power is off, there are notices all over the window's about the yards...they area hurting themselves in the long run.  They do not want to incur any more expenses so they will not pay an electric bill.

If you think the mold is bad...how about the long lasting pet odor.

Mold is bad, I got really sick one time from breathing mold spores...actually needed antibiotics to fix it...

Good idea, sorry, but don't think it will ever happen...they just don't understand RE.

10:22pm • #6
Localism Sponsor Hit Router

It sure would be nice if they would, but I don't think they care.  The clients can't get past the front door sometimes the smell of mold is so bad.

10:29pm • #7
AUG
15
2008

An average mold remediation project is around $11,000 and could keep the house from selling and having a home sit on the market with utilities on for 1 year would be around $3,600 so I would think that someone that works with numbers everyday would be able to figure this out.

Thanks for your comments,

8:52pm • #8


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jamie allen

Evansville, IN

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Allen's Pest Inspections

Address: 2151 E. Powell Ave., Evansville, IN, 47714

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