If you are planning on selling your house on your own or with a realtor you must read on!
Houses built before 1978 contain some lead-based paint. According to the Residential Lead-Based Paint Hazard Reduction Act of 1992, also known as Title X. Section 1018 of this law directed HUD and the EPA to require the disclosure of known information on lead-based paint and lead-based paint hazards "BEFORE THE SALE OR LEASE OF A HOUSE".
Lead poisioning can cause permanent damage to the brain and many other organs and causes reduced intelligence and behavioral problems. Lead can also cause abnormal fetal development in pregnant women.
So, what does this mean to you?
* Sellers and landlords must disclose known lead-based paint hazards and provide available reports to buyers or renters.
* Sellers and landlords must give buyers and renters the pamphlet, developed by the EPA, HUD and the Consumer Product Safety Commission, titled "Protect Your Family from Lead in Your Home".
* Home buyers will get a 10-day period to conduct a lead-based paint inspection or risk assessment at their own expense.
* Sales contracts and leasing agreements must include certain notification and disclosure language.
* Sellers, lessors, and real estate agents share responsibility for ensuring compliance.
If you have any questions on this topic or anything having to do with "Selling Your Home", please feel free to contact me, Longisland.com's expert on "Selling Your Home"!
Prudential Long Island Realty
Licensed Real Estate Salesperson
631-422-7510 ext. 220