Skip to main content

Undisclosed lead paint and selling

Hi all!

Hope this is the right thread. Just have a quick question about undisclosed present of lead paint in a property and the buyer's rights, if property was purchased 6 months ago? Particularly for Australia (Queensland).

We did ask the agent prior to signing the contract about the common hazardous insulating materials, but didn't think to ask about lead (definitely our fault for not doing our due diligence with research).

Recently we found chipping paint and upon research discovered the dangers of lead. So I asked the prev owners if they've ever tested for lead and they disclosed that they did NOT test for lead before the major renovating, so they're not sure if the property has lead paint. Given the age of the house however I think it would be safe to assume there would be (1960-1970).

We're quite worried as we have a little baby at home. Ideally we would want to move out and sell off property knowing that it may contain lead, but the market is not great at the moment and we will definitely be losing a lot of money in the process. Another option would be to stay with family for a while whilst house gets lead removed, repainted and deep cleaned, which would also cost quite a bit.

Questions are: - who would we contact to get advice on such matters? Our conveyancer? - things to consider when selling a home less than a year old? - would professional contractors and painters complete a major reno job without testing for lead?

Thank you so much - any advice appreciated.

submitted by /u/chtufy
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/11uk4x6/undisclosed_lead_paint_and_selling/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more