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- House buyers are protected by the Residential Real Estate Transfer Law, which requires sellers to disclose “material defects.” Importantly, if you know or even suspect that your new home contains asbestos, you should contact an asbestos abatement specialist.
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Mar 18, 2024 · WASHINGTON – Today, March 18, 2024, the U.S. Environmental Protection Agency (EPA) announced a final rule to prohibit ongoing uses of chrysotile asbestos, the only known form of asbestos currently used in or imported to the United States.
Jun 24, 2024 · House buyers are protected by the Residential Real Estate Transfer Law, which requires sellers to disclose “material defects.” Importantly, if you know or even suspect that your new home contains asbestos, you should contact an asbestos abatement specialist.
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The US has announced a ban on the only form of asbestos currently used or imported into the US, decades after most developed nations began phasing out the cancer-causing raw material.
- Disclose Known Asbestos and Negotiate
- Decide If You Will Fix Or Abate The Asbestos
- Offer A Credit For Repairs Or Abatement
When you complete the seller’s disclosure, you typically must disclose any known asbestos in the home. State laws vary, so if you’re confused, ask your agent for help completing the disclosure. Failing to disclose could expose you to potential lawsuits — and it’s always best to be honest. But don’t lose sleep worrying that disclosing will hurt your...
Even if asbestos is present in your home, you’re not legally required to do anything about it. While you could head off any buyer concerns — or requests for repairs after the home inspection— by fixing or abating the asbestos before you list, Spaniak says, “I have never had anybody walk away from a home that had asbestos.” If in good condition, flo...
In an ideal world, you’d have abundant time to fix or abate the asbestos before selling. But if you’re selling to relocate, or because you’ve already bought another house, time may be of the essence. Or, you just don’t want to deal with the hassle. McKenna says that it’s common for buyers to ask for a credit because it’s the practical thing to do. ...
- Dena Landon
Mar 13, 2019 · Asbestos is no longer ubiquitous in building materials, and since it's proven to cause cancer, many Americans likely assumed the substance had been banned entirely. But not only is...
May 14, 2024 · In March the U.S. Environmental Protection Agency announced that it was banning ongoing uses of asbestos. People might have thought, Wait—what? Wasn’t it already banned?
Mar 22, 2024 · Chrysotile asbestos is already banned in over 50 countries. It’s found in approximately 30 million homes and buildings in the United States. The ban has stopped the imports of raw chrysotile asbestos, mainly for the automotive, construction, and textiles industries.
