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See what you need to know about selling and buying a home with lead paint. The lead law should be understood by buyers, sellers and real estate agents.
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Scooped by Bill Gassett |
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Are you going to be buying or selling a home that was built prior to 1978?
If so the house will fall under the federal lead paint laws of disclosure for the existence of lead paint. Real Estate agents, buyers, and sellers need to have a complete understanding of the lead paint law.
Lead is a hazardous substance that when eaten can cause serious health issues.
In 1992 there was a federal law put in place that required disclosure of the presence of lead paint.
The law was especially important to protect the health of children under the age of six.
In the article referenced above published at Maximum Real Estate Exposure, you'll see one of the most detailed articles on the subject.
You don't have the option of what is contained in the lead paint law. If you are found in violation, you can expect to pay hefty fines.
You will also be responsible for any health issues for anyone who has been infected by lead paint due to your negligence.
Take a look at the article to learn all there is to know about lead paint when buying or selling a home. If you enjoy the article, please give it a share or scoop.