Lead and Asbestos are two severe issues that a house can have. It was typical to use lead paint in houses in the past, and many products, such as floors, walls, roofs, and insulation, used to contain Asbestos. The question is, can you sell a house that contains lead or asbestos? Do you have to remove lead or asbestos from a home before it can be sold, and in what situations do you have to remove lead and asbestos before selling your house? In this FAQ, we’re going to discuss the criteria for selling your house when it has lead or asbestos. If you have any questions regarding this FAQ, or if you would like to get in touch with our team, you can reach us at 314-730-0366, or fill out this form to Contact Us.
Can I Sell a House If It Has Lead or Asbestos In It?
For lead or asbestos, if you are aware that they are in your house, you are legally required to disclose that your house contains asbestos or lead to potential home buyers. Asbestos is a known cancer-causing material and can lead to detrimental health problems and severe growth issues in young children. No homeowner should have to experience finding lead or asbestos in their home, but this is especially the case for those trying to sell their home. So, what are your options? Can you sell a house that has lead or asbestos?
A house can be sold if it contains lead or asbestos, but you have to disclose it to potential buyers. But, what happens if you don’t know if your home has asbestos or lead? In this situation, you’d go about selling the house normally, but like with any other typical house sale, if an inspector finds lead or asbestos, you’ll have to deal with it one way or another.
You are probably thinking, what options do I have for selling my house if it has lead or asbestos? Well, you’ll have to disclose that your property contains dangerous chemicals, and this will affect the sale of the property in one way or another. 3 common scenarios you might face when trying to sell a house with lead or asbestos include:
- Sell the House with a Realtor – This is the traditional way to sell a house, and in this situation, the most difficult. Your realtor will advise you on what steps you should take. To put it simply, you’ll either have to remove the lead and asbestos, or you won’t. New home buyers looking for a property will likely not purchase your property as it’s in a dangerous condition. This means you’ll have to remove any lead or asbestos from the property before selling your home. This can cost thousands of dollars and requires extensive safety measures to make sure it’s done correctly and safely. If you have the time and money to remove lead and asbestos from your home, this could be an option for you, but, if lead/asbestos removal is more than you can afford, this isn’t the right option for selling your home.
- For Sale by Owner – If you try to sell your house without a realtor, in the traditional market, you ultimately control whether or not you have to remove the lead and asbestos. Unfortunately, this option has many of the same issues that comes with selling your home with a realtor; potential buyers will be willing to either remove the problem themselves in exchange for a price reduction, or they’ll require the removal of lead/asbestos before they are willing to buy your home. In either case, you are losing time and money, neither of which you can afford to lose.
- Cash Home Buyer – This is the best option for selling a home with lead or asbestos. In this scenario, our all-cash home buyers will assess your property and determine the value of your as-is home. Our team of contractors have decades of experience and know how to effectively deal with the lead or asbestos in your house. If lead or asbestos is found in your home, based on the current condition of the house, we’ll make you a fair-market offer on the property. If you are happy with the offer, you can accept it and we can close in 30 days or less. This option doesn’t require you to take action towards the lead or asbestos in your home and lets you sell your home as is.
Sell your House with Lead or Asbestos – Cash Home Buyers St. Louis
If you’re interested in selling your home to a St. Louis All-Cash Home Buyer, Evervest Home Buyers is a local favorite. We have bought more than 700 homes and pride ourselves on helping local homeowners through the difficult process of selling their house. We will provide a cash offer for your home in as soon as a week, and we will make every effort to provide you with the most for your home. If you’re interested in scheduling a consultation, feel free to call 314-730-0366 or Contact Us today!