Mold is a concern for homebuyers and sellers, real estate brokers, inspectors, appraisers, and mortgage lenders. You can learn more about mold from the Texas Department of Insurance Mold Resource Page.
Here are a few other items you should keep in mind:
Real estate agents and brokers are not experts on mold. If you need more information on this subject, you should explore the resources above or contact an expert.
Insurability may be an issue. Buyers should discuss the insurability of a property with their insurance agent early in the transaction or, in some cases, before an offer is made.
You may have the property inspected for the presence of mold. The cost for such inspections varies depending on the size of the property, the extent of the mold present, the type of expert conducting the inspection, and other factors.
Because there are presently no licensing or inspection standards for mold in properties, you may want to discuss mold inspections with more than one expert. Most experts will discuss the limitations of the inspections. For example, an air-sampling test that does not reveal extraordinary levels of toxic mold does not necessarily mean that mold is not present behind walls or under floors where the air samplers were not placed.