Buying a home: what you should know

Buying a home is one of the largest investments you’ll make in your lifetime. But buyers beware: your investment may be at serious risk due to information that was not disclosed prior to purchase.  For example, previous flood-damage resulting in toxic mold infestations.

Rumours abound as to what a home seller has to disclose to future buyers. Some buyers may think the law is on their side when it comes to serious property issues or traumatic events like deaths that may have taken place within the home. Others may believe that they will simply be able to sue upon the discovery of mold or after a flood that could have been prevented.

The unfortunate truth may very well be that the laws in Canada regarding real estate disclosure are quite lax and are considered a very “grey” area. The worst part is that there is little recourse for homeowners if they find themselves in a situation where they’ve purchased a home with serious flooding and mold problems. Even if a costly legal battle were to ensue, the seller may have only told a tiny lie or not have known about the issues present when they sold it, as mold and flooding aren’t issues that are easily detectable.

Because of the lack of protection available for new homeowners, it’s a wise choice to have a mold inspection done; preferably before buying the home.

Mold is difficult to see and detect and may be hidden within walls. If there was flood damage within the home there is an extremely high possibility that toxic mold may also be present.  Invisible and odourless, toxic mold can be identified by the use of specialized equipment and, to prevent further infestation, should only be removed by certified mold removal professionals. 

Know what you’re getting into. For professional Mold Inspsection Services in Toronto and Ontario, Contact Moldinspections.ca today.  We can help.

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