Services for Realtors – South Bend, Indiana
How Radon Affects Real Estate Transactions in South Bend, Indiana
There are many things to consider when you put your home on the market in South Bend, Indiana. Buyers will want to be reassured that the property is worth the asking price, is situated in a good neighborhood, and is structurally sound. You will also need to consider how radon can effect a real estate transaction in South Bend. The state of Indiana requires sellers to disclose any prior radon tests on the Indiana Residential Real Estate Disclosure Form.
Radon is a radioactive gas which is formed when rocks decay in the soil. The gas can seep into homes through small cracks, vents, and joints in the foundations or basement walls. Radon gas can be harmful to health when it builds up in residential properties. Radon is known to be one of the leading causes of lung cancer, second only to smoking. As radon gas cannot be seen, tasted, or smelled, the only way to be sure about radon levels in your home is to carry out a radon test.
Are You Purchasing or Selling A Radon Infested Home?
If you have not previously conducted a radon test in your South Bend, Indiana home, you should consider having a test carried out by a qualified contractor before putting your house on the market. Buyers are likely to ask you about radon levels within the property and having a test to hand will speed up the process.
If the radon level in your home is 4 pCi/L or more, buyers will want to know what radon mitigation measures you have put in place. If you had radon measures implemented in the property in the past, buyers will want to be reassured that the work was carried out by a qualified radon mitigation contractor. They will also want to know whether you have carried out any alterations to the property after the radon mitigation measures were implemented. Alterations to the property could invalidate your existing radon mitigation measures.
Take Action Against Radon
If the test shows elevated levels of radon in your property and no radon mitigation measures are currently in place, you should contact a state-certified radon mitigation contractor in order to have the work carried out. If you do not take necessary steps to mitigate radon in the property, buyers in South Bend, Indiana may decide not to proceed with the purchase. Alternatively, they may ask for a discount from the price of the property to cover the cost of putting radon mitigation in place.
Indiana insists that all contractors who carry out radon mitigation are certified by the state. You should ensure that you have all the documentation for existing radon mitigation measures available for buyers to inspect.
By conducting a radon test and arranging for any necessary radon mitigation work to be carried out before putting your property on the market in South Bend, Indiana, you will be prepared to proceed when an interested buyer shows interest in your property.
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