Mold issue - thoughts?

[Joe Fioramonti]

First time home buyer that found a house, but the only issue is the possible mold/water issue in the basement.  The home is definitely a fixer upper and the plan is to put about 15k into renovations.  Just based on this picture, any idea if the water issues are major?  The small water damage line goes around most of the basement but the 2 big spots in the picture are the worst areas.  The consensus seems to be that mold issues are not that big of a deal but the cause of the mold issues(foundation issues) is what can be the big expense.

Any thoughts?

[Melissa Hartvigsen]

Without knowing where the water is coming from it would be hard for anyone to tell you if this is a major issue.

Mold is a health and safety concern. Your realtor should help you get professional estimates on how much this will cost to address. It is important to find someone that will correct the water source in addition to remediating the mold.

This comes up frequently on real estate transactions, and I usually help my buyer clients negotiate to have the seller pay for this type of repair prior to closing. I also recommend that they required the seller use a contractor that is approved by my client to make sure the job is done by someone reputable.

I hope this helps!

Melissa