Selling A Home With Asbestos Siding

However outside of a thorough inspection there is no way to tell if a home contains this potentially toxic material.

Selling a home with asbestos siding.

If you confirm your home does have asbestos it s still perfectly legal to sell it. Here 39 s what you need to know about asbestos in real estate. As mentioned all home sellers have a legal obligation to notify their buyer that a home contains asbestos. Unfortunately this material was used in an array of building products made before 1978.

That leaves you with a decision to make. The catch is that you cannot sell a home with asbestos without disclosing its presence. It s not illegal to sell a house with asbestos. The presence of asbestos in a property can be a problem but not always.

If you know your house has asbestos you must disclose the information to buyers. I am not aware of any requirements in my state for home owners to test for asbestos prior to selling their home. There could be a different protocol in other states so it s good to find out. Obviously buyers would much rather buy a home with no asbestos concerns.

Impact of asbestos siding on home re sales. If you re selling your home in massachusetts you legally do not have to disclose asbestos but you do have to disclose formaldehyde foam insulation and lead paint. Again it s not illegal to sell a home with asbestos but you can be liable for not disclosing the information to the buyer if you knew it. But you do have to disclose it fully if you know about it or you could get sued.

If you fix the asbestos problem before selling the home you ll get much more dollar wise out of your home sale. Selling a house with asbestos. Here s what you need to know about buying or selling a home that has asbestos. First you should know that you absolutely can sell a home with asbestos in it.

It often exists in older insulation material but can also be present in tiles and siding. Alternatively you could fix the problem professionally and the scope and cost of that project could vary widely depending on what you re dealing with. Asbestos remediation to be done by licensed abatement contractors prior to starting demolition work. This article explains the impact on home sales due to cement asbestos shingle siding time on market and resale value might be impacted by asbestos in buildings.