Are seller's required to remove all Asbestos in a home before sale? If not, what type of risk does this pose for the buyer?

Aplaceofmyown
Home Buyer
14216

I'm interested in a double that has asbestos in the basement. It has a very antiquated system. The home was built in 1920. I want to bid on the property, but include that they should remove all Asbestos. What are the risks? I've read a little bit. Is it safe once it is professionally removed?

Answers (1)
Joe Sorrentino
Agent
Buffalo, NY
FIRST ANSWER

You can ask, but the seller is not obligated. Depending what type of financing you are going for, the lender or the underwriter may make removal a condition in the loan. Then, who will pay for it will have to be worked out. You may want to call the County Health department or the EPA but the last time I had questions, I was referred to the US Department of Labor. You may also want to go to the HUD site: http://www.hud.gov.

Everyone is going to have an opinion on it but ultimately, it will be your decision if you can live with it or not. From my understanding, asbestos becomes a problem when it is airborne. There are methods to "encapsulate" it that are effective as long as you do not touch it or move it around.

Mon Oct 26 2009, 10:37

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