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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
It’s important to be aware of the relevant asbestos laws with regards to rehabbing and repairing your property. I’m going to unpack what asbestos is, where it comes into play most commonly for housing providers, and how to properly handle it to limit your risk and protect your tenants.
Jan 5, 2022 · It is legal to sell a house with asbestos, but you have to give the buyer the heads up so they can decide if they really want your house or not. In the end, you may have to negotiate the terms of the sale, but you’ll probably sleep better at night knowing that you did the right thing.
Dec 29, 2023 · California law requires only that sellers disclose known defects, with no obligation to search them out or get expert eyes on the house, such as by getting a home inspection. In many real estate transactions, it's the buyer who negotiates the right to conduct a home inspection after their purchase offer has been accepted but before closing.
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.
