Home Buying in Highlands>Question Details

Pamela Wood, Home Buyer in Fort Lee, NJ

is 5.7 radon result a deal breaker? even if midigated, what does that do for re-sale value?

Asked by Pamela Wood, Fort Lee, NJ Fri May 27, 2011

Help the community by answering this question:

Answers

7
No it should not be a deal breaker - IF the seller is willing to mitigate. I discuss radon with my NJ buyers very early on in the process - like wood destroying insects - you look at homes in hilly, rocky area with trees - we are likely to encounter these things. Deal breaks - heck no, but they do require the right resources to test and treat/mitigate.

Best,
Jeanne Feenick
Unwavering Commitment to Service
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Tue May 31, 2011
Kevin’s answer is right on. Go to the EPA website for more information. In our area up to 80% of all homes have some radon issues. The fix is easy and about 600-1000 dollars. If you are looking at having a home built a passive radon reducing system can be had for fewer than 100.00 I look to see improvement in the future code which will require a passive system in all new construction.
Web Reference: http://www.randshomes.com
0 votes Thank Flag Link Sat May 28, 2011
Radon is very common in NJ. 5.7 reading can easily be mitigated even through opening basement windows. Of course a ventilation system should be put in because windows can't be open all the time. Radon will not affect resale value. Good luck with your home purchase!
0 votes Thank Flag Link Fri May 27, 2011
As a buyer, it shouldn't be a deal breaker. Mitigation is easy. When I bought the home I'm living in, we had a radon test and it was over the acceptable limit. We asked the sellers to put in a system to reduce the radon levels. They did, and we bought.

As for resale value, it shouldn't have any effect. Some potential buyers might be concerned, but the response is: "Test this house for radon. You should consider testing any house for radon. Here, you'll know the levels are very low and there's a system in place to keep it that way."

Hope that helps.
0 votes Thank Flag Link Fri May 27, 2011
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
Contact
Radon is easily mitigated (and it's a very common thing here in Colorado). A house that has a radon mitigation system already in place is seen as a huge plus. For some people, Radon is a dealbreaker. In my opinion, 5.7 is low, but still enough to get it mitigated. I have buyers who had a level of 4.4 and still wanted it mitigated. Other buyers had a level of 19 and walked away from the deal (they didn't think a system would really take care of the problem). Go with your gut instinct.

Ask the seller to have a radon mitigation system installed at his expense. (doesn't hurt to ask). More often than not, they will do it. Because now it is a known fact, and they'll have to disclose it to any future buyers. So, it's in their best interests to go ahead and do it, make the buyer happy and get the house sold.
Web Reference: http://www.sallygrenier.com
0 votes Thank Flag Link Fri May 27, 2011
Pamela,
This situation can be fixed by mitigation if that is acceptable to you. For re-sale you will have to disclose that there was an issue with radon and the property has a mitigation system installed. Unfortunately this may cause some buyers to elect not to either view your home or make an offer. And if an offer is made it may be lower than other similar homes that don't have a radon issue.

All the best,
Gary Geer

http://www.GaryGeer.com
0 votes Thank Flag Link Fri May 27, 2011
By EPA standards radon levels above 4 parts per million is an actionable level some states have different guidelines. Here is an EPA site with some good information on Radon http://www.epa.gov/radon/pubs/hmbyguid.html. In my experience, if a radon is mitigated properly in a home, it is generally not an issue for a majority of buyers. Occasionally in some rare instances a buyer wants nothing to do with a home even if the radon is moitigated properly.
0 votes Thank Flag Link Fri May 27, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer