Selling a house with asbestos
If your home was built before 2000 then it might contain harmful asbestos in many elements such as the tiles, paint and insulation. But although the presence of asbestos in a home may be of concern, it doesn’t mean that it will be impossible to sell your property with asbestos.
Your questions answered when selling property with asbestos
✅ Why is asbestos in a property considered to be so dangerous?
For many years it was not thought to be so harmful and that explains why it was used so prevalently in the construction of residential properties. But scientific studies ultimately found that asbestos can be very harmful to human health, and can cause cancer. That’s why the UK government banned the use of some asbestos in 1985 and then banned all asbestos in 2000.
✅ Should I pay to remove asbestos from my home before selling it?
The answer depends on how quickly you want to sell your property and whether you can afford to pay to remove the asbestos. You will likely get more interest from a greater number of buyers if you can show that there is no longer asbestos in the property, but many homeowners cannot afford the time or the expense of removing the substance before selling their house or flat.
✅ Will I have to pay any fees when selling my property with asbestos?
It depends on which method you use to find a buyer for your home, because an estate agent or a property auctioneer will make you pay commission if they successfully sell your flat or house. However, reputable quick home buying companies such as LDN Properties will never charge you any fees and therefore you would keep all of the proceeds from selling your home.
✅ If I don't remove asbestos before selling my home, do I have to tell the buyer about it?
Yes. You are legally required to disclose the presence of any asbestos that you know about in your house or flat, and if you hide this information from a buyer, you could face legal action in the future. But it’s important to note that you will not be liable if you are truly unaware of some asbestos in your home that is later detected by a chartered surveyor or other professional.
✅ Is it wiser to remove or contain asbestos if it's in my home?
If you can afford the time and money involved with removing asbestos from your property then you should do so because this will make your home more attractive to potential buyers. Containment removes the human health risk from potential asbestos exposures but still leaves the substance in your property, which might discourage some people from wanting to buy it.
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