Home Buying in Naperville>Question Details

Kim, Home Buyer in Vancouver, WA

Do sellers usually pay for radon mitigation? Is there a reason that buyers would not accept a price reduction instead?

Asked by Kim, Vancouver, WA Tue Feb 2, 2010

Do sellers usually pay for radon mitigation? Is there a reason that buyers would not accept a price reduction instead?

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9
Kim,

first thanks for asking these questions on trulia. i am sure you will get great answers.

Usually Radon mitigation is a seller’s expense.
sometime you may give credit at the closing for that however be careful bec if the buyer is a FHA buyer their mortgage company would want this to be done prior to closing in fact they will request a new radon testing showing the levels are within acceptable levels. I don't think a buyer should or want to get a price reduction instead of getting the problem fixed due to many reasons:
1- the loan process, as described before many loan companies will require that to be fixed because it is a health hazard.
2- buyer want to live in a home with low concentration of radon to avoid any health problems.

if you are a buyer on a deal where you found radon problems i would strongly advise you to get this mitigated and to ask the seller to pay for it.. in fact if i were you i will not close until i get a new satisfactory radon testing done. Good luck

please let me know if you have any other questions or concerns, thanks.

Best Regards,
Inaas Arabi
Re/Max of Naperville
Phone: 630-329-5000
E-mail: Inaas@Hotmail.com
Web Reference: http://www.MyTop10Homes.com
3 votes Thank Flag Link Tue Feb 2, 2010
everything is negotiable in real estate. the seller can mitigate the radon themselves or you can accept a credit (decrease in the price) and handle the problem yourself.
0 votes Thank Flag Link Sat Dec 10, 2011
I am a Broker in the state of Colorado. Although there is no clear cut answer on who should pay for any repairs, it usually becomes the burden of the seller to correct any safety issues, and this is definitely a safety issue. If the seller refuses to pay, and then tries to sell the home to someone else, the seller will have to disclose the fact that there were elevated levels of radon discovered in the home (at least in Colorado, which is a full disclosure state. ) Eventually the seller will most likely have to make the repair in order to sell the home. However, it is ultimately up to either party, and how bad the buyer wants to purchase, and how badly the seller wants to sell.
0 votes Thank Flag Link Sat Dec 10, 2011
Radon can cause health issues and should not be taken likely. If found to be at a high level it is best for seller to fix right away. It is done professionally and quick and it is a relief to all parties. This is not something to debate if you research the facts on it. It really is a small price to pay to ensure health safety. Check out radon sites and you will get more reasons why this is so important. Great Question.
0 votes Thank Flag Link Sat Mar 26, 2011
Remember 3S. In cases of Safety, Security or Structure...the seller is responsable to make the repairs. High levels of radon would be a safety issue. Sure, the buyers may choose a price reduction and pay for the mitigation themselfs.
Web Reference: http://www.husfs.com
0 votes Thank Flag Link Wed Feb 17, 2010
Kim- It is considered a safety hazard in the home. That is why the seller's are expected to pay for it. If you choose not to have it done by the sellers, when you become a seller it is more that likely you will have the expense. It is in your family's best interest to have the seller's mitigate now.
0 votes Thank Flag Link Fri Feb 5, 2010
Hi Kim,

Those are good questions. It all depends on how the deal is done. If you find high radon levels from the home inspection you can ask for the mitigation be done or ask for the money to do it. If the seller won't agree then it comes down to how much you want the house. Contact me if you have any more questions.

Sincerely,

Rich Knapp - Broker
rknapp9@hotmail.com
630-202-9189
Web Reference: http://RichKnapp.com
0 votes Thank Flag Link Tue Feb 2, 2010
Hi Kim,
it is usual practice that the home seller pays for the mitigation to correct for high radon level readings. As to accepting a price reduction that is usually not the case since an agreed upon price has already been put into the home purchase contract. The buyer and seller could agree to a credit in leu of repair. Feel free to call me with any other questions you may have or if you need assistance in finding a home.
Larry Ulfig
RE/MAX Professionals
630-215-4718
It's a great time to be a home buyer!
630-215-4718
0 votes Thank Flag Link Tue Feb 2, 2010
Typically sellers are reponsible for Radon Mitigation whether it be through a credit or they have the work done. A reason a buyer might not take a price reduction would be that they might want to have the work financed through the loan. For instance, if it costs $1,000 to get the work done and the purchase price is $200,000 they would ask the seller to give them a $1,000 closing cost credit. If they lowered the purchase price to $199,000 then they would have to come up with he $1,000 out of there own pocket adding to the up front costs of purchasing a home.

It's handled differently everytime. I've had buyers request the work be done an retested before they close and I've had buyers except only half the cost of the mitigation system.

I hope this helps!
0 votes Thank Flag Link Tue Feb 2, 2010
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