Hi All: I was wondering if a house with asbestos on the boiler can be
sold without having the asbestos removed. Can a potential buyer get a
mortgage to buy such a house?
I have asbestos on my boiler and I have refinanced twice. Not once
has the complained or asked me to have the stuff removed.
If I sell my house I would like it to be an "as- is" deal.
The asbestos is in good shape and does not need to be removed.
What is important is the asbestos is solid and not flaking dust. Removal
will release dust no matter how careful pros are. Keeping it painted and
sealed will keep it safe. Disclosure is normal but removal is usualy not
necessary and often not wise. Give it a few coats of quality latex.
Sherwin Williams or another Pro store can direct you to the thickest
paint they have.
Asbestos installations like the one you describe have been *
encapsulated * for years.
As suggested by DJ, disclosure may be required.
In any case, I'm not all that excited by passing on a problem without
Beyond ethics, there is potential for a law suit.
Asbestos in a boiler is not harmful. It is doing a job (and very well,
probably) and as long as it is in place, no big deal. It is only when you
have to replace the boiler at some point that it may be a concern.
I don'tknow the real estate laws, but you may have to disclose it. Mortgage
should not be affected either. There is plenty of asbestos that is safely
installed and not bothering anyone. It is only when you make dust that it
is a concern. You can touch it, you can encapsulate it.
My understanding is as long as it is not disturbed, it is safe.
But if it is falling apart or sign of degrading, it becomes health
issue. Removing is upto pros who are trained and certified for the job.
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