Lead Paint Disclosure: The Why, What and How

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It may seem that the hazard of lead paint is only possible for cheap goods imported overseas, or for people living in a rundown housing. It is not a case as it is widely known in real estate that as recently as 1977 lead paint was used in homes across the US.

In order to protect Americans from lead poisoning in the paint, dust and soil in their homes, Congress passed the Residential Lead-Based Paint Hazard Reduction Act of 1992, also known as Title X. If your home was built before 1978, you are required to disclose if you know of any lead-based paint hazards on your property. You must also provide a 10-day period, if not waived by the homebuyer, to conduct a paint inspection or risk assessment for lead-based paint hazards.

The home sale contract between you and your buyer will include an attachment regarding the lead-based paint hazards if any exist, and the buyers will be provided with the appropriate EPA-approved information pamphlets on lead-based paint hazards.

The effects of lead exposure, knowing how to know if your house is in danger of lead paint and what happens with a Lead based paint Inspection from Web MD is discussed below:

 

What Are the Health Effects of Lead Exposure?

In children, high levels of lead can cause:

  • Damage to the brain and nervous system
  • Kidney damage
  • Behavior and learning problems, such as hyperactivity
  • Slowed growth
  • Poor muscle coordination
  • Hearing problems
  • Headaches
  • Bone marrow problems

Even children who appear to be healthy may experience some of these health problems because of lead poisoning.

In adults, lead exposure can cause:

  • High blood pressure
  • Fertility problems in both men and women
  • Nerve disorders
  • Memory and concentration problems
  • Muscle and joint pain
  • Anemia

 

How Can I Tell If I Have Lead Paint in My House?

Not all houses built before 1978 have lead-based paint, but the older your house is, the greater the likelihood is that it contains lead paint somewhere inside or out.

Yet, even if it does, if the paint is in good condition — there’s no chipping or peeling and no sign that the surface has been broken — the paint is not a health hazard. But if you’re planning a renovation, you’ll want to know if your paint contains lead so you can take precautions to avoid exposure.

You’ll also want to determine if there is lead-based paint in your house if you intend to sell or rent it. As the seller or landlord, you have a legal obligation to provide potential buyers or renters any information you have about the lead-based paint or lead-based paint hazards in your home.

The only way you’ll be able to know whether there is lead paint in your home is with an inspection.

What’s Involved in an Inspection for Lead Paint?

There are three testing methods used to determine whether lead paint is present in your home. Which one you have done depends on your reason for testing.

1. Lead-based paint inspection

An inspection identifies whether there is lead-based paint on any surface inside or outside your home. It’s particularly useful if you’re planning a renovation, are going to paint, or are having paint removed.

An inspector will inventory all painted surfaces, including those covered by wall paper, both inside and outside the house. Samples are then tested, either on site with a portable X-ray fluorescence (XRF), or collected and sent to a laboratory recognized by the EPA’s National Lead Laboratory Accreditation Program. The XRF measures lead in the paint without damaging it, and provides a fast method for classifying painted surfaces as either positive (lead) or negative (no lead). But if the results aren’t conclusive, samples of one- to four-square inches of paint are removed and sent for lab analysis.

The report that follows the inspection will identify which surfaces have lead-based paint. The report does not indicate the condition of the paint or whether it poses a health risk.

2. Risk assessment

A risk assessment locates deteriorating paint in your home and evaluates the extent and cause of the deterioration. Then the deteriorated paint is tested, as well as paint on surfaces where it looks like a child has been biting, mouthing, or licking. Painted surfaces in good condition are not tested. A risk assessment also tests household dust as well as soil in outside play areas and around the foundation. Dust samples are usually collected from floors and windows by using a wet wipe, then sent with the paint samples for lab analysis.

A risk assessment report will tell you where lead hazards exist in your house and indicate ways to correct them. Because not all surfaces are tested, a negative report doesn’t necessarily mean there’s no lead-based paint in the house. Some homeowners choose to have a paint inspection and a risk assessment.

3. Hazard screen

A hazard screen is similar to a risk assessment, but not as extensive. It’s usually done for homes with a lower risk of lead hazard. An assessor inspects areas of deterioration and collects two samples of dust, one from floors and one from windows. Soil samples are usually not collected unless there’s evidence of paint chips in the soil. A hazard screen identifies the probability of there being a risk present. If there is a probability, the report will recommend a risk assessment.

How to Identify Over-Priced Homes

 

“Home is where the heart is.”

                That quote rings true as this is where you’ll be living with your love ones. But a home is also once a listing that was sold by the previous owner. And the homeowner as the seller, is and will always be partial to this property. It holds memories and has a value more out of sentiments than monetary. So that being said, homeowners would always get a realtor that will give them a higher price.

There are a lot of means to identify the actual price of a house aside from its features. A 2 storey, 2 bedroom and 2 bathroom house that was built 3 years ago will likely be priced much higher than a 2 storey, 4 bedroom and 4 bathroom house that was built in the 70s. This is considering that the latter is more prone to damage and might require house repairs that will add up to the actual pricing. So for people that is on thinking of buying a house, it is imperative that you’ve checked all avenue to know that the property you’re eyeing is priced at the right amount to avoid having to invest to a property that will degrade in value when it gets to the time that you’ll think of selling it.

So what are the most common characteristics of an overpriced home?

 

  1. Comparable properties have lower selling price

Neighbors-houses-homes-iStock-jpgComparable properties are properties that are sold or is on sale within a certain radius from the house. They are properties that shares the same features such as the number of bedroom and bathroom, how many storeys and the year it was built. There’s an average price for properties that are within close proximity to each other. If the listing that you’re looking at is way higher than those comparables, it might be over-priced.

  1. It has been on the market for too long

house-for-sale-1200xx1200-675-0-63There’s a lot of properties that are sold within weeks or days of being listed. Usually they are listings that are priced correctly based on the actual house and the area it’s in. Overpriced properties tend to sit on the market for a long time. However, it might not be so if there’s a lot of bookings or offers made to it. But if it’s on the market for a long time and there are no offers or bookings, it is highly likely that it’s overpriced.

  1. Property location does not justify the pricing

79f260f625dbc56859f8a91fb685910b_f185In real estate, a good house is synonymous to a good location. Nobody would like to live in a house located in an infamous neighborhood. There’s a lot of factor to consider when people think of a good location but mostly it all boils down to its distance to school, offices and amenities. The more desirable the location, the higher the price it’s going to be. It’s very unlikely that houses (however similar) in Bronx, NY and Hollywood in Los Angeles will be priced at the same rate.

 

 

  1. Price is based on improvements done on the house

add_value_tcm36-33415There’s a lot of homeowners that wants to get back what they’ve spend to improve the house when selling a house. This might seem logical but what others might think as necessary is not the same for everyone. It might be important for first time parents to use a magnetic lock for all their cabinet but it’s not the same case for a childless family. Including the cost of the installation of magnetic locks to your cabinet may not add much to the overall pricing but what if it’s something more expensive than mere locks?

 

  1. Repairs and Renovation

3D rendering of a house with garage on top of blueprints

A fair priced house is not fair at all if the possible major repair is not excluded. Even if it’s lower than the comparable properties in the area if you’ll have to spend more to repair it, it’s still considered overpriced. Before a buyer makes an offer to a listing, they make it sure that the house is in good working order and if they found out that they will have to spend more on a listing, it’s very likely that they will move on to searching for another house to move into.

 

Price actually falls below location and condition when prospect home buyers are looking at listings. And it is really the sellers that gets affected when a house is overpriced as the property tends to stay in the market longer than it ought to. You need an expert who will tell you what you need to know and do regarding the property in order to sell it.

If you need a professional, in the Triangle area, that can tell you the in and out of house selling or buying, just contact us anytime. We’ll be more than glad to help.

Real Estate Scam

scamHave you ever heard of the phrase If it’s too good to be true, it probably is.”? While there might be legit offers that you may come across in your lifetime, this saying is usually true. There are a lot of people who in their pursuit to make money would turn to conning other people and unfortunately, they don’t come with a tag on their back to make us distinguish them better. In this digital age, the best tool we can equip ourselves against this is to educate ourselves. Social Media has played a major role in this. With people posting their experiences, we’ve come up with a list of the most common scams you might encounter when you’re searching to buy or rent a house.

 

Non-Disclosure of Vital Information about the Property

fb post     Real Estate agents’ main goal is to get commissions by either selling a house or helping buyers buy a house. And to do this, they have to showcase the house by selling its best feature. Now, the top most issue about this is getting into what people call lie by omission. It occurs when an important fact is left out in order to foster a misconception. Like the example on the left, you will only realize that something is amiss once you’re already facing the problem.

Renting Out Vacant Houses

    This is where the homeowner goes on a vacation and the con artist goes to the vacant house. They trespass and change the locks and have it rented until the scam is discovered. There was even a news in Florida of a man who did exactly this and it went on for 3 years. These types of scammers usually deal with vacant, abandoned houses and properties on stage of foreclosure. They use the fact that a lot of people are looking for houses to rent to their advantage to get rent money for properties that are not theirs.

Renting or Selling Foreclosed Properties

     Scam Artists would fraudulently rekey a foreclosed property giving them access to the house. They would then put the utilities back on and take out Winterization stickers and make any necessary repairs to make the property more presentable. Then they would proceed with holding an Open House event or tour possible buyer or renter in the house and offer prices lower than the actual market value to tempt the buyer or renter to get the property.

Scam Prevention

     As much as we would like for scammers to get punished by the law, this can only happen when the scam already took place. And the best way to prevent this is getting yourself informed. When looking to buy or sell a house, it would not hurt to plan ahead and research about the property that you’re looking at.  Look up the people that you’re dealing with and make sure all their transactions are legal.Getting a second opinion is also one of the best way to handle these types of transactions.

     But the best way to go is to hire a realtor that is affiliated with the right company and has a license number. Knowing the in and out of real estate is a tough business and requires a long time to master, but the internet is a great tool to know who you can ask. Educate yourselves before getting into something that you might regret later on.

Love and Real Estate

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“When I saw you I fell in love, and you smiled because you knew”

                                                                        – William Shakespeare

 

          Finding a house is like loving someone at first sight. You see the house and without knowing the details you just knew it’s the place you’d like to build your dreams in. It can be the lovely swing on the porch, the little reading nook, the state of the art kitchen but there’s always this one thing that will draw you to it. The funny thing about love at first sight though is you never knew how it really is as time passes. Much like getting into a relationship; finding a house and liking it as how it is can either turn out to be for the better or for the worse.

          When you fall in love, you turn a blind eye and only sees the good thing. But when you get to live with them and know that they are really good looking because they spend so much to make them look good, it might pose a problem later on. Just like finding the right house, that state of the art kitchen may have all the top of the line appliances or a great marble counter top but with so little storage or at least a provision for one, how will you manage to keep your pantry full?

 

What to look for in a house aside from the fact that you like the physical look

          There’s a lot to consider when buying a house. There are tons of online resources that provides a list of things to look out for, and honestly it’s a lot of work to educate yourself about the dos and don’ts of house buying. It’s already a lot of work when buying a house, what with the inspection and all the documents needed prior to exchanging the keys, doing the research is already pushing the limit. But to simplify this, here are the list of things to consider:

  1. The Weather and House Orientation

four seasonsSeasons play a large role in house structure and maintenance so if you found a house you like it would be best to know the general weather. It would be great to have trees all around you if you’re in a naturally warmer climate but you might want to reconsider that if the house is in an area of heavy snowfall. While house orientation will help you with the flow of natural light inside the house. If you’re not a morning person, it would be best to get a house where your room faces northward.

  1. The Neighborhood
Neighborhood
5313 Sutteridge Ct. Durham NC

Most buyers consider the neighborhood when looking for a house. A property in close distance to the places they need to go to (i.e. office, school, supermarket etc.) is the best choice. But other amenities and the mode of transportation should also be considered. Also, if you’re a private person, you might want to check how far your closest neighbor is.

  1. Parking (or the lack of it)

It may seem like something you don’t need to think about but if you have 2 cars and only 1 will fit the garage or the driveway, you may want to check city rules about off street parking or this is going to pose some serious issues later on.

  1. Exterior and Interior Layout

house layoutThink about how you are when you’re at home. If you’re the type who works 9 to 5 and spends the weekends on movie marathon, would you like it if your kitchen is too far from the media room? Or if you have kids and you have very steep stairs and sharp corners, how much do you think you’ll have to spend to make your house child friendly?

 

Finding the right agent that can help you get what you really need

          Love at first sight might sound a thrilling aspect of anyone’s life. It adds a spice in an otherwise mundane routine most people go through every day. Finding your match is a one in a million. Finding a house that appeals to you may seem easy but finding one that matches all your need is even rarer than finding a match. Should you need an expert eye to guide you through the rigorous steps of making sure a house is built for all your needs, you know how to find me.