1st step a mold specialist should determine what kind of mold it actually is, toxic mold, back mold
2nd what is the cause for the mold, mostly it is moisture and not enough air flow and air circulation
some problems could be in the construction and ventilation situation of the building
others could just be never opening the windows and not using the basement much
whatever the reason it should be found out
3rd once mold is visible to the eye, it could be between the walls, between ceilings, just depends
4th In order for any remediation, whether agreed upon between the two parties, that the seller
pays for all, or they split the cost, or the seller gives the buyer a credit at the closing, a
mold remediation company needs to test for the kind of mold to determine whether it is actually the toxic kind of mold, i.e. black mold, and then give you an estimate what the remediation
may cost, and depending on extent it could be a few 1000 $ or much more.
I had a case where ceilings and walls had to be removed, mold was on the second floor bathroom
and had moved between ceiling walls into the attic itself and it cost the home owners / sellers
more than 10,000 $ to be able to sell the property....
So careful, have it checked out first, the damage may not be extensive or it may not be the toxic
kind of mold at all......
To you answer the buyer can ask for anything, at the end you and the buyer need to come to an
agreement and you as well as the buyer have the right at this point to have the mold tested, and
then figure out if actually toxic mold is present, get an estimate what it costs to remove it...
Good luck to you!
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
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