WITH LEAD PAINT
NEW LEAD PAINT DISCLOSURE LAWS MAY EFFECT MARKETING
QUESTION: Do you know how to tell if your home was previously painted with
Homes built before 1978 probably contain lead paint, and new seller disclosure
laws apply. Knowing the facts can make buyer apprehensions evaporate, even with
lead paint homes. The following are some recommendations and facts surrounding
- Sellers must provide home shoppers with an EPA-HUD lead paint pamphlet.
- Sellers must disclose known lead paint hazards to home shoppers.
- Sellers must provide available records or reports to home shoppers.
- Sellers must disclose and offer a 10-day lead risk inspection.
- Contracts must contain specific disclosure language.
- Agents and sellers share joint responsibility for disclosing home facts and
- Sellers and buyers can waive or amend the 10-day inspection.
- Homes built after 1978 are exempt.
- No law requires lead removal or inspections.
A home with lead paint is unique and requires correct disclosure and marketing
skills. Marketed properly, homes with lead paint are no more difficult to sell
than a home without. Using the services of a professional real estate agent provides
the necessary knowledge and training for marketing a home with lead paint easy.
Professionals benefit home marketing.
- HUD and VA required pamphlets
- Lead inspection damage control
- Lead paint facts brochures
- Lead paint q and a fact sheets
- Proper contract drafting protection
- Computer search of similar homes.
- Property market value analysis.
- Lead paint facts brochure.
- Home preparation guide.
- Marketing options counsel.
Overton Factor Articles
Information provided by this website is general and is not a substitute for professional
advice. Please consult your investment advisor and/or attorney before entering
into any transaction.