While a "musty" or "earthy" odor is a classic indicator, mold and water damage can be deceptive. During your walkthrough, look for:
: Mold can reduce a home's value by 10–30% , giving you significant leverage to ask for a lower price or seller credits. buying a house with water damage and mold
Banks and insurance companies view water damage as a significant "red flag." While a "musty" or "earthy" odor is a
Buying a House with Water Damage and Mold: A High-Risk, High-Reward Strategy buying a house with water damage and mold
: Homes with a history of water damage may face much higher premiums or even be denied coverage altogether.
