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- Remember, it’s legal to buy and sell a home that contains asbestos. However, as a buyer, you should plan to order your own home inspection to determine the potential airborne presence of asbestos, whether it needs to be fixed and how much that would cost.
www.rockethomes.com/blog/home-selling/selling-a-home-with-asbestos
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Nov 30, 2022 · Homeowners in California may have heard that if they live in a home with asbestos-containing materials, they need to disclose that to potential buyers when the home is being sold. There are some situations where this is the case and some situations where it does not apply.
A house owner may or may not be required to disclose the presence of asbestos before a sale in California. According to Cal. Civ. Code § 1102, the seller of residential real property comprising one to four units (excluding a few exceptions) must furnish a prospective buyer with a Real Estate Transfer Disclosure Statement (TDS).
- 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
Can you sell a house as is in California? Yes, not only you can sell a house as is in the State of California but doing so can also benefit you and the buyer – by saving both time and expense.
- support@socalhomebuyers.com
- 1 min
Sep 29, 2024 · Asbestos Presence: Used in older homes, now known to be a carcinogen. Lead-based Paint: A silent threat, especially to younger inhabitants. Mold and Mildew Infestations: Resulting from moisture and posing respiratory threats. Inefficient Ventilation: Contributing to poor indoor air quality.
Feb 5, 2024 · If you are looking for a quote to buy or sell your house, please contact me on freephone 0800 011 6666 or email s.pill@timms-law.com. Buying or selling your property is an exciting time, but it's crucial to be aware of potential lurking dangers. One such danger, often hidden in older homes, is asbestos...
May 1, 2024 · If you lack the time, energy, or funds to deal with asbestos in your property and are okay with selling for less than market value, you may consider selling it as-is. Addressing the asbestos issue directly could fetch you a higher price for your property.
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