Tuesday, January 26, 2010

What Real Estate Brokers and Financiers Need to Know About Mold Inspections & Testing.

Sellers that order their own mold inspection & testing are more likely to make more on the sale of their property than if they leave it to the potential buyer to have done.

  • We’re all familiar with the old saying that “knowledge is power.” If the seller knows what is going on with their property they have the ability to retain more power in negotiations.
  • If the seller decides to be proactive with this knowledge they can maintain control over the cost of fixing any problems found and turn it into equity.
  • If a buyer finds a problem, it can put the seller in a situation where they are under duress to get it fixed without the time to find the right contractors – leaving them more vulnerable to spending more money than they really need to or being outright scammed.

If your client is the buyer: You should recommend that they have a mold inspection & testing done by a certified, independent environmental testing firm.

  • The small investment in detecting & measuring any potential problems is well worth the thousands of dollars that can be saved by finding the problems early enough and the information required to properly assess repair estimates and choose the right contractors for the job.

Because, more often than not, mold problems are hidden and require special equipment & testing to detect and measure: Most home inspectors “don’t do mold” because it’s not within the proper scope of their job.

  • A mold inspection & testing is a specialized profession that should work in concert with a home inspection. A certified, independent mold inspection & testing should always be a routine part of any real estate transaction.
  • There are still a few home inspectors out there who will “poo poo” the need for a mold inspection or tell you, “That whole mold thing is a scam.” If your home inspector tells you that: Ask him to put that in writing in his report and see what happens! Again, this applies to only the few. Most home inspectors understand the scope of their job and have enough knowledge about the potential problems associated with indoor mold growth to recommend a mold inspection be performed.
  • Good home inspectors & mold inspectors will work together to ensure their clients receive all the facts they need to make the right decisions at the right time.

Remember: “Independent & Certified.”

  • Due to the fact that mold is everywhere in our environment and it varies by region, weather conditions, etc. and that different people react to mold differently: There is no possible way that a set standard for “acceptable mold levels” can correctly be made. An Indoor Air Quality Professional certified by recognized organizations and trained in the most current and best industry standards understands the proper scope and limitations of mold growth issues.

  • Due to potential conflict of interests: An environmental testing firm that is not also engaged in or “in cahoots” with a business of fixing the problems they find is essential. Why expose yourself or your clients to the possibility of getting scammed?

  • A “free mold inspection” will end up costing you more in the end by charging you more for the samples to cover their cost of inspecting and/or finding problems that don’t really exist and/or exaggerating problems that do exist to make more profit on the remediation contract.
  • Of course, we’d all like to believe that everybody is honest and trustworthy, but not everybody is. Again, it’s just common sense.

AMI Environment Testing Northwest, Inc. is the independent, certified IAQ industry leader serving Oregon & Washington. Call us at 503.383.9457 first if you want to save time, money and ensure the job is done right, or call us last if you really want to find out the difference between us and the rest!

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