Lead Based Paint What a Buyer Should Know

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Anytime a person buys an older home, it is only logical to assume that some lead-based paint is on the premises. Typically, this is not much of a concern unless the paint is flaking off or if a major renovation is planned.

If purchasing a home built before 1982, a buyer might expect it to contain some lead in the paint that was used over the years. The manufacture of lead-based paint was discontinued in 1978; however existing product was used in homes through 1982, when supplies were depleted. The general guideline is to expect at least a strong probability of lead-based paints in older homes. This information applies to exterior and interior painted surfaces. Inside the home, lead-based paint was more common for trim than on the walls.

Lead-based paint is not considered to be a problem as long as the substance does not become airborne or easy to access (no flaking off — so a child could ingest pieces). Maintaining all siding, exterior trim, interior trim, walls and woodwork in a well-painted and covered state minimizes possible exposure to lead. If a buyer has a special concern about lead based paints, easy and affordable lab tests are available to positively identify these products. When renovating or remodeling, a number of safety precautions should be followed if lead-based paint is present. An online search for “lead-based paint” will quickly provide the consumer with a full range of safety tips as compiled by numerous government agencies and other industry professionals.

Eric Badgely
http://www.articlesbase.com/real-estate-articles/lead-based-paint-what-a-buyer-should-know-361141.html

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{ 3 comments… read them below or add one }

unique August 26, 2009 at 2:18 pm

Houston Realtors Can someone please list for me everything that should be in a buyers file after the?
transaction is complete. I already know the
1) Family Residential Contract Resale
2) IABS
3)Third party financing adendum
4)Buyer/tenant rep agreement
5) Lead based paint adendum
What else am I missing. There is a slight language barrier at the office im at so thats why im asking on here.

godged August 26, 2009 at 9:20 pm

I’m not in Houston, but I’ll guess.

Earnest money/promissory note agreement
Seller’s disclosure
Professional inspection addendum
Removal of contingencies addendum
References :
Oregon Realtor

Ed Atun August 26, 2009 at 9:22 pm

The settlement sheet and any escrow papers signed by buyer and seller. The earnest money receipt. You are cruising. Are you closing one sale per day.
References :

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