Radon Gas - In January of 2004, the HUD home inspection form for FHA loans (HUD 92564-CN) was modified to include information on radon content in indoor air. This form (updated again in June of 2006) is mandatory for all FHA-insured mortgages, which means a good portion of buyers may request a radon inspection as part of the home inspection process. To find a radon service professional, visit www.epa.gov/iaq/whereyoulive.html.
Asbestos - Asbestos may not be easily identified, so consult with a professional if you are unsure about a material in a home. The Environmental Protection Agency says that, "Usually the best thing is to LEAVE asbestos material that is in good condition ALONE." If buyers have concerns, refer them to www.epa.gov/asbestos for current information on asbestos risks.
Lead-Based Paint - If a home was built before 1978, there's a chance that lead-based paint was used. If the paint is peeling, that is not the only danger to be concerned about. Lead-contaminated dust and soil can also pose serious health risks to children and pregnant women if inhaled or ingested. Make certain the buyer knows if there is lead-based paint in the home, and remind them that removal of lead-based paint, if done incorrectly, can result in lead-contaminated dust being released into the air. Visit www.epa.gov/lead for more information.
Smoke Alarms - Know your state's smoke alarm laws by heart! Some states require one smoke alarm in each bedroom, plus a detector on each floor. Make sure your sellers' home complies - the last thing you want is a delay in a purchase for something as simple as smoke alarms!
Be sure to do your homework as there may be risks specific to the region where you live, such as California's earthquakes or Florida's hurricanes, that mean regional laws to follow.
Don Jarecki
Home Mortgage Consultant
Heritage Mortgage Services
Phone: (216) 347-3900
Fax: 440-793-0238
djarecki@heritagems.netwww.heritagems.net/dj
Presented by Rita Legan ASP Staging Realtor and eagent.
In my Twentythree years of second generation real estate consulting, my guiding principle is "your success is my #1 priority". My background in Corporate Relocation, Personal Real Estate Investing, New Construction, Marketing, Interior Design and Staging arm my client's for making smart and timely decisions whether buying, selling or investing in real estate in the Greater Cleveland Ohio Southwest Suburbs. I am ready to earn your business.
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