Does seller have to remediate radon?
Table of Contents
- 1 Does seller have to remediate radon?
- 2 Is it hard to sell house with radon mitigation system?
- 3 Why would you suggest that your buyer client include a radon contingency in an offer?
- 4 Is it OK to buy a house with radon?
- 5 How long does it take a radon mitigation system to work?
- 6 Should you walk away from a house with radon?
- 7 Does opening windows reduce radon?
- 8 Who pays for radon mitigation when buying a house?
- 9 What is the action level of radon in a home?
- 10 What is radon and how dangerous is it?
Does seller have to remediate radon?
Depending on the state you live in, the home sellers could be legally obligated to disclose the radon levels of the home. However, radon levels can fluctuate due to weather, seasonal changes, or home renovations, so it is still advised to perform another radon test during your home inspection.
Is it hard to sell house with radon mitigation system?
Fortunately, it’s not hard to sell a house with radon, provided that you alert potential buyers and mitigate the problem, say Brian Thomas, a top real estate agent in the Denver, Colorado area, with 16 years of experience. “For as much fear and uncertainty as radon causes, there’s an easy fix.”
Does radon mitigation decrease home value?
Having an active Radon mitigation system in one’s house does not adversely affect the home’s resale value and since Radon is so easily controlled once it’s detected it is no reason not to buy the property if all other factors line up favorably for buying the house.
Why would you suggest that your buyer client include a radon contingency in an offer?
Just like the more commonly-used inspection contingency (used to assess the general condition of the home), a radon contingency is generally included in an offer to protect the buyer from any unknown surprises regarding high levels of radon that they may encounter in the future.
Is it OK to buy a house with radon?
The EPA states, “Radon is a health hazard with a simple solution.” Once radon reduction measures are in place, home buyers need not worry about the quality of the air in the home. Since removing radon is relatively simple, your family will be safe in a home with a radon reduction system in place.
Is it OK to live in a house with radon?
How long does it take a radon mitigation system to work?
HOW LONG DOES IT TAKE? A typical radon mitigation system is installed within a day, depending on various factors. Occasionally, more complex installations may take 2 or more days.
Should you walk away from a house with radon?
“You should definitely take it seriously but you really don’t need to walk away from the home. It’s actually pretty easy to remove radon, and it’s not that expensive,” Consumer Reports Home Editor Paul Hope said. Home inspections often include testing for radon – using short term kits.
Can a seller back out of a contingent offer?
To put it simply, a seller can back out at any point if contingencies outlined in the home purchase agreement are not met. A low appraisal can be detrimental to a sale on the seller’s end, and if they’re unwilling to lower the sale price to match the appraisal value, this can cause the seller to cancel the deal.
Does opening windows reduce radon?
Opening windows improves air circulation and ventilation, helping move radon out of the house and mixing radon-free outside air with indoor air. Make sure all your basement windows are open. Opening basement windows helps reduce negative air pressure, diluting radon with clean outdoor air.
Who pays for radon mitigation when buying a house?
Like everything else in a real estate transaction, it’s a negotiation. Usually the seller pays for a mitigation system when a radon test comes back over 4.0 picocuries per liter of air (pCi/l), but sometimes the cost is split between buyer and seller, and occasionally the seller refuses to pay anything towards a mitigtion system.
Should you test for radon before selling your home?
If you’re selling your home, it’s a good idea to test it before you put it on the market. That way, if your test reveals a radon problem, you can take care of it before it scares off buyers. “Fortunately, testing is easy and inexpensive,” says Holtzman. “Your local health department may offer free kits or kits at a reduced price.
What is the action level of radon in a home?
The U.S. Environmental Protection Agency (EPA) determined, however, that radon levels above four picocuries per liter or higher in the home need attention. “This is known as ‘action level,’ and the homeowner should take steps to reduce the entry of radon gas,” says Kelly Hager, CEO of Kelly Hager Group Real Estate Services in Chesterfield, MO. 2.
What is radon and how dangerous is it?
1. What is radon? Radon is a naturally occurring, carcinogenic, radioactive gas that’s formed from the breakdown of uranium. It’s found in rocks, soil, and water. To put in perspective just how dangerous radon can be, consider this: Smoking is the number one cause of lung cancer — radon is number two.