Hello, Hoping for some advice-this is actually related to seller disclosures in combination with home inspection. I live in AR if that makes any difference. We have a house we are selling that was built in the 70s. When we bought it, we tested for asbestos because there were ceiling repairs needed that we wanted the sellers to handle, but were concerned about the material. We had them encapsulate it with floating drywall over the old ceiling based on the advice of an environmental consultant we hired. It is considered mitigated. This was in 2017.
Now, we are selling the house. We decided to include the info about having asbestos but being mitigated in our sellers disclosure, but twice now we have gotten offers and they have terminated during their 10 day window as a result of feeling nervous about asbestos. It feels like we are being penalized by buyers for having the knowledge and fixing the problem, as any house that age has the potential.
Any advice to not get burned a third time? Our realtor is suggesting having someone sign into the offer that they understand the asbestos situation and that it’s fully resolved. I am failing to see if this is the best solution or if it would make any difference.
Nothing major has shown up in the inspection and we were not given the opportunity to repair anything so their termination doesn’t feel in good faith with it being related to the disclosure/asbestos vs inspection findings. I understand that you cannot make someone buy a house, but we are drowning with double house payments and feeling pretty desperate to figure out how to navigate this. I appreciate any advice people have.
Tl;dr disclosed mitigated asbestos on sellers disclosure, might have screwed ourselves.
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/1o2z5bb/mitigated_asbestos/
Comments
Post a Comment