On Monday, January 12, 2015 at 3:16:21 PM UTC-5, dgk wrote:
Unless there is some other reason to not file a disclosure form, I
don't see why doing that is a consideration. Even if you can pay $500
to somehow opt out, what are buyer's going to think when you do that?
I would think it could wind up costing you a lot more than $500. If
brokers and/or lawyers are involved, almost certainly the buyers are
going to be put on notice that a disclosure form is lacking and then
they are going to wonder why, may find another property, etc.
From what I see at this point, the issue is really what they actually
ask about asbestos on the disclosure form and how that affects how
you choose to proceed.
Okay. One reason that I was asking is that if you have steam heat now, but
it is a two-pipe radiator system, you have the option of converting from
steam heat to hot water radiator heat. Whether you want to, or should, do
that is another question.
I have a property that has a natural gas fired one-pipe radiator steam heat
system. Steam heat can get a little complicated to deal with and to
maintain properly, especially for tenants (which I have in that property).
I had to learn as much as I could about steam heat when I bought the
property because I never had steam heat before. Some people say it is the
best type of heat to have. Still, if I had the option, I would convert my
steam heat system with a large old boiler to a higher efficiency natural gas
fired hot water radiator system with a much smaller boiler unit.
Unfortunately, that is not an option for me since I have a one-pipe radiator
Sure there are, depending on what the wrong thing is. In this case, my
lawyer says that there is no obligation to remove an asbestos, and
that most people do pay the $500 penalty and do not sign a disclosure
form. There is less exposure if you don't sign the form.
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