Can you sell a house with asbestos? Pyramid Properties buys houses in Memphis, even after homeowners uncover this hazardous substance. Keep reading to discover the dangers of this material and how to sell it without any hassle or stress.
What Is Asbestos?
Asbestos is a group of mineral fibers construction experts once used to strengthen cement and insulate homes. However, in the late 1970s, scientists identified it as a toxic material that causes cancer and various other chronic health conditions. Breathing in the mineral can scar the lungs, leading to mesothelioma and other issues.
4 Tips for Selling a House With Asbestos
According to the US Census Bureau, roughly half of all homes in the United States have asbestos. Any home built before 1980 should schedule a property inspection to detect the substance’s presence. If you have a home with this toxic material, consider the following tips when selling it.
1. Know the Laws and Testing Guidelines
What legal obligations do you have as a Memphis homeowner with this toxic chemical? First, test the home to confirm without a doubt you have the material. According to the Tennessee Department of Environment and Conservation, only qualified professionals can test for the substance in the state.
2. Practice Full Disclosure
Can you sell a house with asbestos? Yes, but sellers must provide a complete asbestos disclosure. Real estate regulations also require the agent to support homebuyer awareness by telling interested parties about the substance.
This is where selling a home with toxic chemicals becomes difficult. It could have the following effects:
- Low interest and many months on the market
- Offers well below asking price
- Requests to invest in asbestos abatement before closing a deal
3. Determine Whether To Invest in Repairs
Selling a home with this issue means deciding whether you’ll accept a low-ball offer or dilute your profits by removing the material. The process can cost up to $20 per square foot. When homeowners don’t have upfront capital, they settle for a lower selling price.
4. Consider Selling to a Reputable Cash Buyer
Finding a reputable company that buys homes for cash is the best way to sell a problematic home. Don’t settle for an investor that’s only concerned with profit. Instead, look for a highly rated business that is passionate about helping homeowners out of difficult situations.
Identify a good option by confirming they offer the following benefits:
- No costs: Selling to a cash buyer means homeowners won’t pay closing costs, commissions, or asbestos abatement.
- Fast process: You’ll receive an offer within 24 hours of first contact and can close in seven days minimum.
- No showings: The process only requires working with a single person rather than a realtor, prospective buyers, and casual shoppers.
Pyramid Properties Buys Difficult Homes
Can you sell a house with asbestos? Yes, and Pyramid Properties gives fair cash offers regardless of the property’s state. Whether sellers are dealing with water in the crawl space or problematic tenants, we always find a solution.
Call (888) 861-4565 to obtain an offer in just 24 hours.