Bids on property with some water damage and mold

[Ann K.]

If a property has water damage and mold and has not been renewed by insurance for that reason, would developers offer less for property? 

Property is in Grove area of Los Angeles, a prime area  where many developers are building. 

This is an inherited property and taking an inordinate amount of time to deal with. 

When sold it could go to developer or to end user. Due to mold issue, I think it's another reason, it may go to developer. 

Question is whether to take the time and energy (and insurance claim money) to fix the property, or to just do the probate and sell as is.

There are different factors to consider in decision, but I am asking about one related to selling price. Do you think there will be much of a difference in price if property is not fixed and therefore not insurable currently?

 Do you think developers will compete anyway for land value, or do you think if it is remediated, and new floors and some painting done, even developers will pay a higher price? Wonder what the difference may be....

Thanks much for any input.