How To Sell a House With Asbestos
You’re eager to sell your house, but then the home inspection report reveals a nasty surprise: There’s asbestos lurking behind your walls. Maybe you’re worried that no one will buy your home or you’ll have to sell it for less than originally planned.
Below, learn everything you need to know about selling a house with asbestos. Don’t want to wait for a buyer? Sell your house to Chattanooga Property Solutions! We buy houses in Chattanooga, including homes with asbestos like yours.
Understanding the Risks of Asbestos
If your home was built before the 1970s, there’s a good chance that it has at least some asbestos. Decades ago, asbestos was prized for its insulation properties and flame resistance. Contractors used asbestos in insulation, roofing shingles, paint, hot water pipes, and more.
The trouble with asbestos is that it contains tiny fibers that can become lodged in your lungs. In the short term, exposure can cause shortness of breath, as well as abdominal and chest pain. Regular exposure has been linked to causing lung cancer and mesothelioma.
Can You Sell a House With Asbestos?
Do you need to do anything before selling a house with asbestos? Not necessarily. Asbestos only causes problems when it’s disturbed. So if the asbestos in your home is safely tucked behind the walls, there’s little to worry about. Additionally, most buyers understand that older homes are likely to contain asbestos.
However, per legal requirements, you must still complete an asbestos disclosure if you’re aware of asbestos in your home. That means if a home inspection reveals asbestos, you’re obligated to tell buyers about it.
If the area with asbestos is damaged, buyers will probably want you to fix it before agreeing to the sale. You have two options: sealing or removing the asbestos. Asbestos removal costs can be very expensive. If the interested party truly wants your house, you may be able to convince them to cover some of the cost during buyer negotiations.
Stop Stressing Over the Property Value Impact of Asbestos and Sell Your Home to Our Cash Buyers Instead
Don’t want to deal with the hassle of asbestos remediation? The best option is to sell your house as-is. If you’re having trouble finding someone to purchase your home as-is, reach out to a cash buyer such as Chattanooga Property Solutions.
Cash buyers don’t require you to seal or remove asbestos before selling your home. On top of that, you don’t need to make any repairs, clean the house, or list it on the market. Instead, a cash buyer will determine your home’s value and make you an offer on the spot.
At Chattanooga Property Solutions, we believe that selling your house as-is should be fast and easy. When you call us, we’ll make you a fair cash offer, and you can close on your house in just a few days. It’s by far the best way to go about selling a house with asbestos.
To get an offer for your home, call us at (423) 454-3070.