Buyer's find unexpected mold

By: Kari McCoy
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Dear Kari,
My wife and I finally found a home that we could agreed on. We made our offer and it was accepted by the seller. When doing our home inspection it was discovered in one corner of a bedroom there was something that looked like mold. Would you advise us to walk away or move forward?

If this is a home that is one of a kind and you really have fallen for it, then yes, move forward, but wisely.

First look closely at your contingency time frame period. You might need to have this contingency extended at this point.

Make sure that your offer includes you’re out allowing yourself a way out of the contract if the mold trouble is far too great. You should have a specific mold inspection regarding this property. This mold inspection will allow you to find out what type of mold might be present. It may surprise some folks that certain types of molds are not as serious as others. Some types of mold may be an easy fix, such as simply cutting out and removing the affected area. 
These days professional mold inspectors have infrared thermal imaging devices that ensure the effectiveness of the treatment after the fact. Only a mold specialist is qualified to offer this most important information regarding the home. With the information in hand, you and your wife can then make an informed decision to continue purchasing the home or to walk away from the home. With this scenario it may cost you a few hundred dollars, but on the bright side, you may end up with a safe and mold-free dream home that you both like. 
Now let's talk about what mold is:

Molds are microscopic organisms found virtually everywhere. It can be found indoors and outdoors, and it is a part of the natural environment. Outdoor molds are things that break down
dead organic matter like leaves on the ground, dead trees and so on. There are hundreds of types of molds. The most common molds found in an inside environment are Cladosporium, Penicillium, Aspergillus, Alternaria and Stachybotrys Atra. A spore is a small reproductive body that is capable of growing into a new organism, which in turn produces more bacteria, fungi and algae. Most spores are filamentous (thread-like) organisms so small that 250,000 of them can fit on the head of a pin. Molds may not be a problem unless the mold spores land on a wet or damp area and then begin growing. Molds may have the potential to cause health problems. Your mold inspector will have tips on how to help your home maintain a mold-free state.
This information is believed to be true and is used only to answer a question. For further information, contact your mold inspector or attorney.
Kari McCoy owns the Kari McCoy Group, Residential Real Estate at Lyon Real Estate. She can be reached at 916-933-5274 or License #00841588