Published on April 3rd, 2023 | 4 Minute Read

What Is Asbestos?

Asbestos is a naturally occurring mineral that was once one of the most popular types of building materials due to its resistance to heat, fire, and chemicals. Its use has been largely discontinued in recent years due to the health risk it can pose like lung cancer.

Under the Toxic Substances Control Act, the EPA has authority to regulate asbestos under section 6 of the act. This section gives the EPA the authority to require manufacturers and importers of asbestos to provide information on the chemical, including its hazards and how it is used. The section also allows the EPA to ban the use of asbestos if it determines that it poses an unreasonable risk to public health.

Do You Have To Disclose Asbestos When Selling Your Home?

The answer depends on the type of asbestos and the level of exposure. If the asbestos is encapsulated or otherwise not easily disturbed, it may not need to be disclosed.

However, if the asbestos is friable (i.e., easily crumbled), it must be disclosed to potential buyers in order to comply with state and federal law.

In some cases, the seller may be required to remove the asbestos before selling the property. Given the potential health risks associated with asbestos exposure, it is always best to err on the side of caution and disclose its presence when selling your home.

Even hoarder home should be disclosed to a potential buyer so they can plan for a deeper inspection to make sure to find asbestos if there is any.

How Much Does It Cost To Remove Asbestos From A Home?

The remediation costs varies depending on the size of the home and how much asbestos are present, but it typically ranges from $1,000 to $4,000. While it's not a cheap process, removing asbestos is an important step in ensuring the safety of your home.

If your house was built before the mid-1980's, there's a good chance that it contains asbestos materials. Asbestos siding is particularly common in older homes. If you're thinking of selling your house, you may be wondering if asbestos will be a deal-breaker.

The answer is that it depends on the buyer. Some buyers may be willing to purchase a home with asbestos, as long as they're aware of the potential risks involved. Others may choose to walk away from the deal altogether. Ultimately, it's up to the buyer to decide whether or not they're comfortable with asbestos in the home.

Anyone selling a house will want to get a home inspection to ensure that there are no hidden problems that could affect the sale. Asbestos can be found in many different parts of a house, including in the insulation, flooring, and walls.

While a traditional home inspection will not specifically look for asbestos, the inspector may be able to identify potential asbestos-containing materials. If an asbestos-containing material is found, the seller will need to disclose this to the buyer and make arrangements for its removal. In some cases, the presence of asbestos may even prevent the sale of a property.

What Are The Benefits Of Selling A House With Asbestos To A Real Estate Investor?

Home selling can be a long and complicated process, especially if there are asbestos concerns. Many real estate agents will not even show homes that contain asbestos, as they are aware of the liability involved.

This often leads to a significant delay in the selling process, as the home needs to be tested and any asbestos remediation needs to be completed before the home can be put on the market.

However, selling a home with asbestos to a real estate investor can provide a number of benefits. First, investors are typically aware of the risks associated with asbestos and are often willing to take on the liability in exchange for a lower purchase price. Second, selling to an investor can help to avoid many of the delays associated with the traditional selling process.

In most cases, investors are willing to close on the sale quickly, without insisting on extensive repairs or remediation. As a result, selling a home with asbestos to an investor can be a great way to get a fair price while avoiding many of the hassles of the traditional selling process.

Why Is Asbestos Dangerous?

Unfortunately, asbestos fibers can also be inhaled, and once they are in the lungs, they are difficult to remove. Over time, asbestos fibers can damage lung tissue and cause a number of serious health problems, including mesothelioma, a type of cancer that is almost always fatal.

Inhaling asbestos fibers can also cause other respiratory diseases, such as asbestosis and pneumoconiosis. Asbestos exposure is also linked to an increased risk of lung cancer. As a result, it is important to take precautions to avoid exposure to asbestos fibers.

If you think you may have been exposed to asbestos, it is important to see a doctor as soon as possible. Early detection and treatment of asbestos-related health problems can improve your chances of surviving or managing the condition.