Home Buying in Bethlehem>Question Details

Winfig5161, Home Buyer in Jim Thorpe, PA

I am interested in a property in bethlehem, but it has asbestos siding. How much of a lower offer than asking is normal for this situation?

Asked by Winfig5161, Jim Thorpe, PA Sun Nov 10, 2013

The listing price is not reflecting the asbestos siding hazards.

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Asbestos siding on a house does not pose any sort of hazard and therefore no price adjustment is necessary. It is only a hazard when broken into pieces and fibers inhaled. Therefore if you ever change the siding they have to be disposed in a proper landfill. But you can put new siding over it if you so desire. It is no commonplace to make a lower offer based on asbestos siding.
0 votes Thank Flag Link Sun Nov 10, 2013
The asbestos siding is not a hazard. It is only a hazard if you break it into pieces and inhale the fibers. Simply being on the side of the house presents no danger. Therefore no price adjustment is necessary or called for.
0 votes Thank Flag Link Sun Nov 10, 2013
The problem with asbestos is inhaling its fibers. Outdoor use does not present that problem. Asbestos is very common as exterior siding in homes of the era when it was popular. It is very durable, but does need to be painted (while aluminum and vinyl do not require that maintenance). Typically, all other features being equal, you will not find a price differential due to a home having asbestos siding.

If the siding were badly damaged, and removal is recommended, then that requires professionals; and that would then include some charges for proper disposal. However, I believe that you can go over asbestos siding with vinyl or aluminum if you wish. Some people might do that simply to relieve themselves of the painting maintenance.
0 votes Thank Flag Link Sun Nov 10, 2013
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