When it comes to buying or selling a home, there are many factors to consider, and one critical issue that sometimes gets overlooked is lead poisoning. Lead exposure, especially in older homes, can pose serious health risks to both children and adults. Here’s what you need to know as a buyer or seller and how it can impact your real estate transaction.
The Dangers of Lead Poisoning
Lead poisoning occurs when lead builds up in the body, often over months or years. It can lead to severe health problems, particularly for children, including:
- Developmental Issues: High lead levels can affect brain development, leading to learning disabilities, behavioral issues, and slowed growth.
- Hearing Problems: Exposure to lead may cause hearing difficulties in children.
- Physical Symptoms in Adults: Adults can also experience complications, such as high blood pressure, muscle and joint pain, digestive issues, and memory or concentration problems.
Why Older Homes Are More at Risk
If you’re considering buying or selling a home built before 1978, it’s essential to be aware of potential lead hazards. Prior to 1978, lead-based paints were commonly used in residential properties. Over time, this paint can deteriorate, creating dust or chips that are harmful if inhaled or ingested.
Legal Requirements for Buyers and Sellers
To protect buyers, federal law mandates specific actions when selling homes built before 1978:
- Disclosure Obligations: Sellers must provide any known information about lead-based paint hazards. This includes disclosing test results or past abatement efforts.
- Federal Form Requirement: Sales contracts for older properties must include a federal form outlining information about lead-based paint. This ensures transparency and awareness.
- Inspection Period: Buyers have up to 10 days to conduct a lead inspection or risk assessment. This is a crucial opportunity for buyers to negotiate repairs or mitigation efforts if hazards are found.
Protecting Your Family and Investment
For buyers, investing in an inspection is a smart move. Knowing the risks and any necessary remediation upfront helps you make an informed decision and potentially negotiate costs with the seller. For sellers, understanding and disclosing any lead-based paint hazards not only complies with federal regulations but also builds trust with potential buyers.
Whether you’re buying or selling a home, understanding the risks of lead poisoning and taking the proper steps can safeguard your health and investment. If you have questions about lead hazards or need guidance through the buying or selling process, reach out to your real estate agent. We’re here to help ensure you make informed, safe choices for you and your family.