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Household Marijuana Growing Might Impact Home Buying/Selling
Last week I attended a seminar entitled Marijuana and Real Estate Professionals. Since then I've also been:
perusing Debbie Laity's series on marijuana in Colorado on Active Rain, surfing through Colorado.gov's Marijuana web portal, and skimming Realtor.org's Field Guide to the Impact of Legalized Marijuana. My takeaway from the seminar itself: get out of real estate in CO now!
I think it's a complication, especially for a newbie, which magnifies normal concerns. Thank goodness for mentors and a solid supporting brokerage. :0)
Top concerns with growers' impact on the home:
Mold, mold, mold, and more mold. Potential issues due to do-it-yourself adaptations: Electrical Ventilation Plumbing Floors, walls, and furnishings can absorb: Fertilizer; many fertilizers are combustible. Odor and, like cigarette smoke, can require extensive rehabilitation to remove. Growing can have a more extensive impact beyond just smoking it. CO homes being used as a grow facility currently have: No requirement for: Seller disclosure of that use. Seller rehabilitation of the home afterward. No overt protection for: An agent if they, or their clients, flip the wrong switch in a home and flipping that switch happens to result in the death of a crop. Even if the listing agent does not disclose that there is ... more
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