The Insider's Guide To Selling Your Home By Owner- Rocio Fausto I | Page 112
and controlling lead-based paint hazards.
Disclose any known information concerning lead-based paint
or lead-based paint hazards. The seller must also disclose
information such as the location of the lead-based paint and
the condition of the painted surfaces.
Provide any records and reports on lead-based paint or leadbased paint hazards which are available to the seller.
Include an attachment to the sales contract which includes a
Lead Warning Statement and confirms that the seller or
landlord has complied with all notification requirements.
Sellers and home buyers must sign and date the attachment.
Sellers must provide home buyers a ten day period to conduct
a paint inspection or risk assessment for lead-based paint or
lead-based paint hazards.
These requirements are very important to meet not just for the
safety of your buyers but also the safety of your finances.
Title X requirements the buyer can sue you for triple the
amount of damages suffered from the exposure. To make sure
you won’t have to triple pay, be sure to triple check that you have
done all you can to disclose any potential hazard materials in your
home. For more information, visit the EPA website here:
www.epa.gov/lead.
When In Doubt, Disclose
The best way to ensure there will be no repercussions of
liability from lack of disclosure is to just sing like a canary. There
is no such thing as "to much information" when it comes to
transparency with your buyer.
They have the right to know everything about the home they
are buying and it is both morally and ethically your responsibility
111