COMMUNITY FORUM

qmorgase

03:26AM | 03/15/06
Member Since: 03/14/06
1 lifetime posts
Bvmisc
I am looking to buy a home and have found what would be the perfect one if it weren't for one thing - asbestos. In the disclosure it states that the pipes are enclosed in asbestos? It also says that the asbestos is cotained. If I choose to buy the house (which is in Connecticut), should I have the asbestos removed? It would eventually have to be done anyway, right? And how much would that cost? Would I be able to ask for a price reduction on the house? Also, it is a very old house. Would the removal be destructive to the home? Please advise.

k2

07:07AM | 03/15/06
Member Since: 06/06/03
1250 lifetime posts
You might try the Hazardous Materials Forum as well.

My experience with asbestos (I am not a pro or anything). Lenders and insurers can be a bit sticky on it--but these days MOLD is probably a bigger hot-button issue. There are an awful lot of houses that still have asbestos.

If the asbestos is "loose" (or could be inhaled), it can be a danger. Asbestos can be expensive to remove. As everything in real estate transactions is negotiable, why NOT ask for the owner to kick in for its removal?--esp. in a buyers market.

Just my bottom-line opinion: If the house is in a great neighborhood--of more expensive homes in good condition, this is "LOCATION, LOCATION, LOCATION" -- 3 items that are considerably more important than "ASBESTOS" on the list. There are a lot of houses for sale these days, so you can be picky. But LOCATION trumps other factors.

Good luck!

Regards,

-k2 in CO

Moderator, Miscellaneous Forum

http://www.bobvila.com/BBS/Miscellaneous

Piffin

06:19PM | 04/08/06
Member Since: 11/06/02
1284 lifetime posts
The two ways of dealing appropriately with asbestos are removal and encapsulationj. It sounds like yours has been encapsulated, based on you wording - contained. A house inspector can tell you this for sure, and much more about this potential investment

Excellence is its own reward!


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