Hi everyone. I put an offer in on a 1971 condominium unit that was accepted. We're about a week into escrow and we've had time to create a list of renovations we'd like done to the condo, including removing popcorn ceiling, replacing kitchen cabinets and countertops, and installing new flooring.
Although the inside of the unit appears to have been updated since the 70s, I am now very quickly learning about asbestos and the cost of removing it if it is in fact present. Which based on my research, it's very highly likely given the age of the property.
My question now becomes what's my next step? I realize that asbestos testing is "invasive" and the seller will most likely decline a request for it. We got a home inspection done, and although nothing alarming came up in the report, we have not yet waived the inspection contingency - which is coming due very soon.
I feel exhausted and completely demoralized researching this stuff. Very disappointed that this isn't something my agent had mentioned early on in the process. I am lost and don't know how I'm going to move ahead with this without losing out on my deposit.
Side note, I understand that asbestos can be unharmful if not disturbed, however, although I'd love to get rid of the popcorn ceiling, the kitchen must be renovated - and therefore I just don't see how the asbestos will not be disturbed (if in fact present).
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/1o73xrn/renovations_and_asbestos/
Comments
Post a Comment