Lead is a serious threat to the health of human beings — especially children. For that reason, the federal law enacted in 1992 regulates what homeowners and real estate agents must disclose when selling a home that includes lead paint. That’s not to say it’s impossible to sell a house with lead paint — you just have to follow the correct process and make the right disclosures.
Don’t let lead paint hold you back from selling your home, and don’t let it expose you and your family to liability. Here’s a look at tips to sell a house with lead paint while insulating yourself from risk.
How to Disclose Lead Paint
Was your house built before 1978? If so, you must make a series of lead-related disclosures. First, you must give prospective buyers any reports or information related to lead paint and related hazards on your property. Then, provide a pamphlet written by the Environmental Protection Agency called “Protect Your Family from Lead in Your Home” to any possible buyers. You also have to give any buyer 10 days to conduct their own lead-focused inspection of the property.
Why is 1978 the pivotal year? Lawmakers decided that homes built before 1978 were far more likely to include lead-based paint or pipes made of lead than those constructed afterward. For that reason, these disclosures apply to pre-1978 homes, while post-1978 homes aren’t subject to the same disclosures due to how unlikely it is that lead paint may be present.
The Consequences of Not Disclosing
As noted, the reason why lead in the home is such a regulated area is that lead is dangerous to those exposed to it. If you fail to disclose the presence of lead paint, you leave yourself open to being sued for damages should any ill-effects related to lead befall the home’s new owners. Yes, disclosure is required by law, but it also protects the seller. The last thing you want years after a home transaction is to find that you’re being sued for millions because of a failure to properly disclose the presence of lead paint.
Get the Representation You Need
Here in York and the surrounding areas, we have plenty of historic homes that are subject to lead disclosures. If you’re wondering how to sell a house with lead paint, start by getting the knowledgeable, experienced representation you need. At CENTURY 21 Core Partners, we offer a team of real estate professionals who know the local market are intimately familiar with regulations and required disclosures. When you want to successfully sell a home with lead paint while protecting yourself from liability, we can help you through the process.
Contact us today to speak to one of our real estate professionals about selling a home with lead paint.