Selling a House with Lead Paint in Scranton PA?

You should sell your house with lead paint to us because we have the training, expertise and experience to complete the deal quickly without any snags in closing the sale.

We also have cash, so we don’t depend on a mortgage lender requiring buyers to do an appraisal and inspection.

1. You sell quick
2. You sell for cash
3. You sell “AS IS”
4. No extra expenses
5. No endless showings
6. No waiting months for a buyer

Selling your house with lead paint in Scranton can be done a number of ways.

The Fast Way:

1. Contact us for a free, no-obligation offer.
2. Accept the offer, and we’ll open escrow.
3. After an average of 3-30 days, we’ll close escrow and the sale is final.
4. We’ll pay your closing costs. We’ll clean out the house of any unwanted items. That’s it. Speedy and easy!

The Slow Way:

1. Locate a real estate agent who has experience marketing a house with lead paint.
2. List your house and complete the property disclosure.
3. Advertise the listing. Your agent may host open houses during this time.
4. Negotiate an offer and sign the sales contract.
5. Open your house to your buyer’s home inspectors. This may include specialized inspections for lead-based paint.
6. Renegotiate the sales contract price based on results of the home inspections.
7. Your buyer will apply for a home mortgage during this time.
8. Open your house for a home appraisal.
9. Wait for the lender to approve your buyer and your home.
10. Close escrow and pay agent commissions and closing costs.

The Really Slow Way:

1. Place a sign on your property or list it by using free or low-cost online services.
2. Complete the mandated property disclosures that list the presence of lead paint.
3. Market your property and hold open houses. This can take weeks, months or even years.
4. Field and negotiate offers on your house, accept a sales offer, and complete the sales contract.
5. Locate a title and escrow company and open escrow.
6. Collect the necessary paperwork required by escrow.
7. Open your house to home inspectors, including assessments for lead paint. Buyers have 10 days from the time the sales contract is signed to conduct a lead paint assessment on the property.
8. Renegotiate the property price based on what’s found on the home inspections.
9. Wait for your buyer to apply and qualify for a mortgage.
10. Open your house for an appraisal required by the lender.
11. Wait for the final lender underwriting decision.
12. Wait for your buyer to have a title search of your property.
13. Wait for your buyer to locate a hazard insurance policy.
14. Wait for escrow to complete the paperwork.
15. Everyone signs the closing paperwork. You’ll pay the closing costs during this process.

Absolutely! Lead-based paint in your home in Scranton has two mandated disclosures that need to be given to potential buyers when you sell, but there are several exemptions to the federal law.

The first required disclosure is the state-mandated form. This disclosure asks only two simple questions. The first asks if you’re aware of any lead-based paint on the property. The second asks if you’re aware of any reports or records about lead-based paint on your property.

When you answer positively to either question, you’ll need to explain your answers on a separate part of the form.

The second required disclosure is the federal form that all sellers must provide to potential buyers. This form has three main questions. The first two ask for the same information as the state-mandated form. The third asks your buyer to sign acknowledging they have read your responses, and they’re aware of any lead paint in the residence.

The federal form requires the seller, or the escrow company, to provide buyers a copy of the federal “Protect Your Family from Lead in Your Home” pamphlet.

Exemptions to the lead-based paint federal disclosure include houses constructed after 1977.

Houses with painted surfaces that have been tested and cleared by either a certified lead-based paint inspector or a certified risk assessor are also exempt from the federal disclosure.

Pennsylvania state law doesn’t have any exemptions to disclosure laws. All homeowners must use the state-mandated property disclosure form and answer the paint question on that form.

If you use a real estate agent, they may also ask you to complete a lead-based paint disclosure required by their brokerage firm.

Prospective buyers who are aware of lead paint risks may also ask to have a paint inspection made before closing escrow when buyers state they don’t know the paint history of the house on the mandated forms. The law allows potential buyers to have ten days to conduct these inspections.

Yes, selling a Scranton house with lead paint can be difficult. Buyers with small children frequently are aware of the risks of lead exposure on the brain development of young children.

Potential buyers have the legal right to inspect the house before buying. Part of the inspection may include a lead paint test and evaluation by a certified lead-based paint inspector or a certified paint risk assessor.

Your buyers may walk away from a sale after having inspectors and assessors examine your property. We won’t. We understand the risks of leaded paint, and we are ready to buy. Contact us for a no-obligation cash offer.