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re: Found asbestos on ceiling and I am closing on house in 2 days
Posted on 5/19/14 at 2:11 pm to TulaneUVA
Posted on 5/19/14 at 2:11 pm to TulaneUVA
quote:
Less than a grand
You can walk and loose your earnest money then hope they don't try to sue you. I had this happen to me on a house I was selling. The buyers decided at the last minute they couldn't afford the house even though they were approved on financing. I could have sued and won but it would have tied me up in court and the house for years. It wasn't worth it to me. Probably not worth it to your sellers either. If it were me I would make them pay the full cost of removal or walk. Although you should have made an honest attempt to get an inspection within the 15 days.
This post was edited on 5/19/14 at 2:13 pm
2
Posted on 5/19/14 at 2:31 pm to lsufan1971
Lots of houses have asbestos. As long as you don't crack it, it's fine.
Posted on 5/19/14 at 3:49 pm to lsufan1971
quote:
I could have sued and won but it would have tied me up in court and the house for years. It wasn't worth it to me. Probably not worth it to your sellers either.
This is your answer. If you truly don't want this house without it being fully remediated, then they won't force you to buy it. And they'll have to disclose the asbestos to any future buyers should you pull out, and likely have to have it removed before they'll be able to sell it to anyone else. It seems as though you hold the cards here.
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