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Answers (13)
Best Answer
- Pam Langley, "Pam Langley"
- Contributions:19
My question would be have you contacted the city to see if there is any ordinances that would allow them to step in and have the home demolished? If it is a hazard, I would think that there are local agencies that could get involved to prevent this from becoming a risk for other citizens. Even if an investor buys it, it will have to be disclosed to the tenants (at least in Alabama). In Alabama, as most places I am sure you have to have permits to build a home so I would guess that they can also flag potentially hazardous situations.
- Jeff Norris, "JeffNorrisHomes"
- Contributions:37
Disclose, disclose, disclose....What other option do you have really?
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
We're in the county, so a lot of the rules don't apply. I'm not a builder, but from what I've been told, you don't have to have the permits and inspections in the county like you do in the city. Also, if the owner didn't occupy the property at all, they can basically play dumb. While it's not advisable, it is certainly something investors, banks, etc. do.
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
It is disclosed everywhere! I wouldn't take the risk for my sellers or myself.
Chinese sheetrock is not easily remedied. It can affect all the wiring, plumbing, ac, appliances, etc. Simply putting new sheetrock in will not fix the problem as I understand it. And the insurance companies won't pay for anything b/c it is not covered. People who have this are getting the raw end of the deal from every side.
And if it goes to foreclosure, I know that I've put the word out so everyone knows it.
Chinese sheetrock is not easily remedied. It can affect all the wiring, plumbing, ac, appliances, etc. Simply putting new sheetrock in will not fix the problem as I understand it. And the insurance companies won't pay for anything b/c it is not covered. People who have this are getting the raw end of the deal from every side.
And if it goes to foreclosure, I know that I've put the word out so everyone knows it.
- hpvanc
- Contributions:2579
I might suggest that your client consider doing the demolition, to assure that a flipper can't flip it without curing the problem and disclosing it.
I've seen gutted meth lab houses on the market here that have been gutted, and they seem to sell, I'm not sure why chinese drywall would be different.
I've seen gutted meth lab houses on the market here that have been gutted, and they seem to sell, I'm not sure why chinese drywall would be different.
- wetdawgs
- Contributions:26854
I would make sure it is boldly declared in all listing materials. "Chinese drywall - health hazard - substantial remediation required before habitable".
- Louis Wolfson, "Louis Wolfson"
- Contributions:173
Hopefully its your listing and you can join the law suit (and retire) as you too may be sick. Who will you be representing the buyer? The seller? In eeither case if it is a known health risk than you should disclose it or you to will sued.
- Dunes....
- Contributions:3894
I think the Important issue here is YOU do what's Right as a Professional and a Person...That's what makes you a Professional and a good person
What THEY do after you've done what's right determines if THEY are Good people, Professionals or fools...A handy plus for a Professional would be knowing if THEY are Professionals, Good People or Fools IMO
What THEY do after you've done what's right determines if THEY are Good people, Professionals or fools...A handy plus for a Professional would be knowing if THEY are Professionals, Good People or Fools IMO
- SoCal_Engr
- Contributions:5667
It's a bit late, but I'd have to agree with Pasa and wonder why the drywall couldn't have been taken care of as an insurance claim.
As for anyone who buys it, I'd be surprised if they weren't planning on ripping out the drywall. Then again, theirs a part of me that wouldn't be "that surprised" if the new buyer tried to flip it without disclosing the drywall issue.
As for anyone who buys it, I'd be surprised if they weren't planning on ripping out the drywall. Then again, theirs a part of me that wouldn't be "that surprised" if the new buyer tried to flip it without disclosing the drywall issue.
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
Update - It's on the market and my phone is blowing up! You wouldn't believe the number of people who are willing to take a risk w/their health for a great deal on a house! Luckily, it will have to be a cash sale or one w/a hard money loan. Most people are not in the position to do either of those. But I am disclosing the heck out of it!!
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
The insurance company won't cover it. The builder will remedy it to a certain extent, but it will always have to be disclosed and it has brought the re-sale value down tremendously.
I think we'll re-list it and disclose it everywhere. It may or may not sell, but it will definitely be noted for any future buyers that the home is hazardous to their health.
I think we'll re-list it and disclose it everywhere. It may or may not sell, but it will definitely be noted for any future buyers that the home is hazardous to their health.
- Pasadenan
- Contributions:21466
Well, if I was the owner, I would file an insurance claim, and then hire someone to rip out the drywall and replace it, and repaint.
It should be able to be completed in two weeks. Foreclosure takes a lot longer than that. And the insurance company should cover some alternate living arrangements during the process.
The insurance company can then go after the contractor that installed the radioactive product or the supplier. In many cases, the supplier is paying settlement costs to replace the defective product.
And since it is not only radioactive drywall, but also radioactive granite counter tops and possibly radon in the soil, I would higher a home inspector that carries a Geiger Counter.
It should be able to be completed in two weeks. Foreclosure takes a lot longer than that. And the insurance company should cover some alternate living arrangements during the process.
The insurance company can then go after the contractor that installed the radioactive product or the supplier. In many cases, the supplier is paying settlement costs to replace the defective product.
And since it is not only radioactive drywall, but also radioactive granite counter tops and possibly radon in the soil, I would higher a home inspector that carries a Geiger Counter.
- Naima Sumner, "Dallas Ft. Worth PRO"
- Contributions:2847
Tough position to be in. I think I would make sure that the current owners fill a seller's disclosure and post it in the MLS. You can hope that a future buyer would have a good Realtor that can look up the history of the house and find the disclosure.
Any chance that the owners could speak to the city so they can get the house condemned? How about the EPA?
Naima
Any chance that the owners could speak to the city so they can get the house condemned? How about the EPA?
Naima
What would you do as a RE professional?
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- 5.0/5.0
- (5 reviews)
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