‘Tis the season to talk about all things scary so I thought I’d write about scary houses. Buying or selling a house can be scary. Some things should be taken care of prior to selling and some things you may need to run away from.
- Mold. We see mold more often than we’d like in our area. Tennessee has a humid climate. If there is not proper ventilation in crawl spaces or if exhaust fans are not present or used properly, there can be mold in crawl spaces and bathrooms. If there has ever been a water leak or any water penetration, there can be mold. The scary thing here is that you may not see the evidence of mold because it may be in the walls. The best thing to do, as a buyer, is ask if there has ever been any water damage. The best thing to do, as a seller, is to take care of water immediately and, if necessary, remove any drywall around the wet area and make sure it is completely dry and void of mold before doing the cosmetic repair. Some buyers will walk away from a deal where mold has been found due to health issues, so be diligent in any repair you may do.
- Foundation. This is a big scary issue for buyers and sellers alike. Foundation work can be expensive and it can be very involved. Foundation issues can also continue to surface as ground shifts. There are historical homes that have to be “jacked up” every year or two simply due to age. They don’t have to be houses that you walk away from, necessarily, you just have to know the risks. The good thing about foundation work that is performed by licensed contractors, is that a lot of the work is warrantied for an extended period of time. If the Seller is willing to remedy the situation and provide a warranty, a lot of buyers will still buy the house because they have peace of mind.
- Roofs. If a roof is in need of replacing and you are a seller, in most cases, you are better off biting the bullet and replacing the roof. A lot of homeowners know they need a roof replacement but they wait for that big storm to hit so they can get some help from their insurance company. Well, if that big storm never hits, they may have caused themselves more issues due to potential leaks and the urgency of the needed repairs/replacement once they are ready to sell. My suggestion is to get a roof inspection from a reputable contractor prior to listing the house and do any necessary repairs. It is a big ticket item and most buyers will be scared of having to shell out that kind of cash directly after closing.
The biggest piece of advise is to disclose everything. You can cause yourself a lot of trouble and possible litigation if you do not disclose an issue you know about or have had repaired in the past. Your real estate agent can help guide you as to what needs to be disclosed legally in your area but, in general, it’s always better to tell what you know rather than omit that information. You don’t want that scary letter to come in the mail from an attorney because you didn’t tell a potential buyer something you were fully aware of when they bought your house. So, disclose anything that could be scary and you won’t have to wear garlic around your neck!
Michelle Froedge is a residential Realtor and Principal Broker in the Greater Nashville and Williamson County areas of Tennessee. “Mom” to four-legged fur babies, Tyler and Livvie, Auntie to Zelamie, she is a vegetarian and sings in her spare time. Michelle has lived in Nashville and Franklin since 1997 and has been selling homes since 2004.