How Does Radon Affect Real Estate Transactions?
With radon deaths at an all time high of over 20,000, radon testing and mitigation has become an integral part of real estate transactions. It affects all parties – buyers, sellers, and realtors. The best way to ensure that real estate transactions run smoothly is for all parties to understand the importance of radon testing and also their role in ensuring radon testing and mitigation is done.
Radon and Home Buyers
If you are buying a home, you shouldn’t assume that radon mitigation has already been complete. It is your job to ensure that you will be safe in the home by requesting radon testing. It doesn’t matter if the home is 5 years old or 50 years old. Radon should be tested in all homes every 2 years. Also, radon testing isn’t part of many standard home inspections. You will have to request this as an additional service. Keep in mind that radon is the leading cause for lung cancer, so just as you want to make sure the home you are buying is structurally sound, you also want to make sure the inside is livable. If the radon test shows a level higher than 4 pCi/L, you will want to negotiate with the seller to have a radon mitigation system installed.
Radon and Selling Your Home
If you are getting ready to sell your home, avoid delays during the selling process by having it tested before any real estate transactions begin. Be mindful, though, that you will be required to disclose the results with your realtor or the buyer if you are selling your home yourself. If the level is above 4 pCi/L, you will need to get a radon mitigation system installed. Although it is best to take care of the testing and mitigation (if needed) before putting your house on the market, the buyer still has the right to get confirmatory testing done as part of home inspection.
Radon and Realtors
As a realtor, it is your responsibility to advocate for your client by staying educated about radon and the importance of radon testing. You may have home buyers asking you about the dangers of radon, acceptable radon levels, or even how to go about radon testing. On the other side of the transaction, if a seller has already received radon results, they may have questions about disclosing that information.
At AmeriServ Radon Mitigation of Iowa, we offer a realtor relations program to help realtors navigate the complex issue of radon testing and real estate transactions. When you partner with us, we can provide informational materials and presentations to equip you with all of the information you need to be successful. Experience all of these benefits and more, and become an AmeriServ Realtor Relations Partner today!