looking at a house, how expensive is it to fix...

**Murder after Midnight** · 01-26-2010, 01:56 PM

.......mold damage in a basement.

**bigrondownhiller** · 01-26-2010, 02:08 PM

Depends on how extensive. What has the mold?

**TransAm11973** · 01-26-2010, 02:10 PM

it aint cheap to do mold remediation, moisture tends to move up if its starting in your basement. Also the mold is a symptom of your real problem. Water is getting in some where, or pooling in the yard with improper drainage which would cause the mold. So the mold would need to be removed and the problem thats causing the mold fixed. That is something that should definitely fixed by the seller or they should drop a load of money off the price. Wont be cheap

**Murder after Midnight** · 01-26-2010, 02:12 PM

Originally Posted by TransAm11973

it aint cheap to do mold remediation, moisture tends to move up if its starting in your basement. Also the mold is a symptom of your real problem. Water is getting in some where, or pooling in the yard with improper drainage which would cause the mold. So the mold would need to be removed and the problem thats causing the mold fixed. That is something that should definitely fixed by the seller or they should drop a load of money off the price. Wont be cheap

Yeah there dropping a BIG amount off the house......i do see your point however

**Murder after Midnight** · 01-26-2010, 02:15 PM

Originally Posted by TransAm11973

it aint cheap to do mold remediation, moisture tends to move up if its starting in your basement. Also the mold is a symptom of your real problem. Water is getting in some where, or pooling in the yard with improper drainage which would cause the mold. So the mold would need to be removed and the problem thats causing the mold fixed. That is something that should definitely fixed by the seller or they should drop a load of money off the price. Wont be cheap

http://www.trulia.com/property/10527...troit-MI-48203

**bigrondownhiller** · 01-26-2010, 02:30 PM

I would have someone in your area that is licensed for mold removal come give you an estimate. Like said above water is getting in somewhere. There could be more hidden damage especially with stucco. A small crack can cause a lot of problems. Ever see the money pit?

**Murder after Midnight** · 01-26-2010, 03:08 PM

Originally Posted by bigrondownhiller

Depends on how extensive. What has the mold?

the basement

**TransAm11973** · 01-26-2010, 03:11 PM

nice looking house. Although I did have to laugh at the price, it amazes me what houses go for in the mid west. I live on the eat coast and a house like that with even a small amount of mold damage would be going for 500,000-600,000. You get so much more for your money out there. 132,000 out here wont even get you a townhouse with a one car garage. Great looking house I hope it works out for you.

**bigrondownhiller** · 01-26-2010, 03:12 PM

Originally Posted by Murder after Midnight

the basement

I meant walls, floors, ceiling. Is it just one area or the entire thing?

**Murder after Midnight** · 01-26-2010, 03:16 PM

Originally Posted by bigrondownhiller

I meant walls, floors, ceiling. Is it just one area or the entire thing?

Just in the basement walls i have been told

**Murder after Midnight** · 01-26-2010, 03:18 PM

Originally Posted by TransAm11973

nice looking house. Although I did have to laugh at the price, it amazes me what houses go for in the mid west. I live on the eat coast and a house like that with even a small amount of mold damage would be going for 500,000-600,000. You get so much more for your money out there. 132,000 out here wont even get you a townhouse with a one car garage. Great looking house I hope it works out for you.

wow sorry to hear that man, i'm thinking of offering 80k and seeing if they bite, do you think it's worth that with the mold damage? BTW the house sold for 550k back in 03.............

**TransAm11973** · 01-26-2010, 05:16 PM

Originally Posted by Murder after Midnight

wow sorry to hear that man, i'm thinking of offering 80k and seeing if they bite, do you think it's worth that with the mold damage? BTW the house sold for 550k back in 03.............

considering it went for 550k in 03 and is at 132k now, I would think the mold is most likely pretty bad. Also being at that price I would find it hard to believe that they would go down a lot further. 80k seems to low to me, but you can always try, they can always come back with a counter offer. You never know people get desperate and sell low sometimes.

**TransAm11973** · 01-26-2010, 05:21 PM

also regardless of the mold.....that is a huge price change.....just doesnt seem right to me. I would definitely try to get as much info on the house as possible. Try to find the realtor that sold it last and find out why the price dropped so much. If the mold was that bad then, did someone try to fix it and it didnt work? If thats the case and its never been fix you may not want to deal with this house.

**86 IROC-Z** · 01-26-2010, 05:23 PM

Originally Posted by TransAm11973

considering it went for 550k in 03 and is at 132k now,

A good amount of that has to be attributed to the real estate bubble bursting, not the mold.

**Smkn_TA** · 01-26-2010, 05:47 PM

Find out what kind of mold it is. Certain kinds of mold are a lot more expensive to get rid of than others. Just due to how much more of a health risk they are. Some types of mold will actually deem a house uninhabitable due to the toxic spores they release.

**TransAm11973** · 01-26-2010, 05:48 PM

Originally Posted by 86 IROC-Z

A good amount of that has to be attributed to the real estate bubble bursting, not the mold.

true

**310stanger** · 01-26-2010, 06:31 PM

Black mold often results in the house being worthless and having to be knocked down. Heres an idea, why dont you actually pick up a phone book and get a professional to write you an estimate lol

**86 IROC-Z** · 01-26-2010, 06:35 PM

Originally Posted by 310stanger

Black mold often results in the house being worthless and having to be knocked down. Heres an idea, why dont you actually pick up a phone book and get a professional to write you an estimate lol

dats racist

**310stanger** · 01-26-2010, 06:55 PM

Originally Posted by 86 IROC-Z

dats racist

This guy is like that friend of a friend or a relative or whoever that knows you are a mechanic so they expect a pinpoint accurate diagnosis based on a noise simulated with their mouth over a phone on a car that has been serviced twice in its life. lmao

**Murder after Midnight** · 01-26-2010, 07:41 PM

Originally Posted by 310stanger

Black mold often results in the house being worthless and having to be knocked down. Heres an idea, why dont you actually pick up a phone book and get a professional to write you an estimate lol

Honestly man i was just looking for a ball park point of view, I mean i don't even have pics so i was not looking for a detailed accurate answer lol, no real reason to trip man, i will consult a professional.