Who Should Pay for Fixing Up a Property

with an Environmental Hazard-- the Buyer or the Seller? 

The primary answer is:  The Property Owner at the time the environmental hazard developed!   These issues are by far some of the most critical financial consideration a property owner can or may ever face!

With the increase in super storms, hurricanes and tornados and the decrease in Insurance Coverage when addressing water damage, there are little feasible options left for the home-owner or property owner.  These damages are very costly and can produce serious health issue concerns on top of it!

In general, it is in the interest of the seller to fix environmental hazards before the property is ever listed. 

Buyers will become reluctant to purchase a property if they understand that it contains an environmental hazard.  Sellers that do not disclose (a known) environmental hazard are now liable by January 2004 Law.  To hide it may cost you far greater expense and even jail time if a buyer is exposed to unhealthy indoor environments that should've been disclosed. 

The seller can decide to discount the price of a severely contaminated property if the cost of fixing the problem is too great.  Even if the price is reduced, buyers may still be unwilling to make an offer to purchase the property.  There are foreclosure groups (restoration companies) that specialize in damaged or environmentally contaminated properties, and they will want to purchase it for well under the market value.  They will have tremendous tear-out expense, remediation and restoration costs... and they need to make a profit to keep in business.

When a property has an environmental hazard, the buyer does have a viable option.  They can contact our offices, and we will provide an honest and fair property assessment.  We will review all aspects of the property and the environmental status, and recommend several possible options available.  We can assist with the oversight of the restoration process, we can write the protocol so the owner can restore it (if they have the professional expertise and licenses).  We can thoroughly decontaminate the indoor environment and insure that it passes the most stringent occupancy inspections.  No matter which solution you may choose, IAQMS.COM can be your best partner and insure that you are not taken advantage of.

We Guarantee our decontamination service effectiveness and provide industry leading affordability.  Give us a call today so we can assess your property and write a full report and remediation protocol.

Call IAQMS.COM Environmental Assessors at: 440-376-4261, or email us at: info@IAQMS.COM