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  2. Asbestos and negotiating a house price offer. The cost of asbestos removal will vary depending on factors, including the amount of asbestos to be removed, the type of asbestos, its current state and its location. And you may be able to get reduced rates from your local council.

  3. Sep 24, 2020 · “It isn’t uncommon to find asbestos in your home,” according to the British Lung Foundation. “But happily, in most cases, there’s nothing to worry about. So long as it’s well maintained and not disturbed or disintegrating, it does not present any immediate hazard to health.” What is asbestos?

  4. Oct 21, 2024 · The presence of asbestos can impact the property’s value, and lenders worry about the risk if you default on your payments. After all, they don’t want to be left with a property that’s harder to sell due to costly asbestos removal.

  5. Aug 7, 2024 · Identifying asbestos in your home can significantly impact property value. Proper management and remediation can mitigate negative effects, potentially preserving or even increasing your home’s worth.

    • Can You Sell A Home That Contains Asbestos?
    • The Effect of Asbestos on Your House Price
    • Can You Remove Asbestos from Your Property?
    • Steps You Need to Take

    The simple answer to this question is: yes. A house that contains asbestos can be sold, and this generally won’t be a barrier to getting a mortgage on the property. However, under the Property Misdescriptions Act, you are legally obliged to disclose that asbestos is present in the property, if you are aware of it. This means that if you have been m...

    There is no doubt that asbestos can have a significant effect on a property. However, the extent of the effect will depend enormously on how much asbestos is present, as well as the current condition of the asbestos. Clearly, a small amount of asbestos won’t be a major problem, but if there is a lot, homebuyers may become increasingly wary. It shou...

    You might assume that the best plan if you have asbestos on your property is to have it removed as soon as possible. This is an option, but it might not always be the best move. Asbestos is actually at its most dangerous when it is disturbed or damaged. This is usually a necessary part of the removal process. It may actually be preferable to simply...

    It is important to take positive steps to make sure the situation is as simple as possible from a homebuyer’s perspective. Even if finding asbestos in your property leads to it being less valuable, it is important that you should know about it. Therefore, having an asbestos survey carried out before you sell could be a good move. Remember that well...

  6. Aug 23, 2024 · The condition of the asbestos found will likely be a factor that impacts a buyer’s decision. It’s also important to note that the presence of asbestos may impact the property’s value. Therefore, this is an opportunity for negotiating house prices for those found to have asbestos.

  7. Absolutely. Under the Property Misdescriptions Act, you have a legal obligation to declare the presence of asbestos in your property if you are aware of it. However, if you are unaware of the presence of asbestos, you are not obliged to conduct a separate asbestos survey to discover it.

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