- Sep 12, 2004
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Long story relatively short...the wife and I are moving. Management pissed her off at her old job and she ended up getting an offer for a job in another city at significantly higher pay and benefits, and for a very stable international firm, which she accepted. The new company is paying for relocation, including a corporate buyout of our house...or so we thought. Today we were told that because our house was built in the 80s, and has popcorn ceilings, that it might contain asbestos. Because of that the company is balking at the corporate buyout.
We have 2 choices:
1. We can test the ceilings for asbestos. If there is none present the buyout is not a problem. However, if it is present there will be no buyout and we have to disclose that fact to potential buyers and would likely have to have the problem fixed, which would cost @ 20K to remedy.
2. We can put it on the market ourselves, without any testing, and hope the place sells.
Option 2 probably isn't a huge problem. We have a waterfront home that is fairly desirable. Still, option 1 is nice because the buyout automatically happens 60 days after the house is on the market, so it's easier to plan on buying a new place.
I've been searching on the internet for info on popcorn ceilings and asbestos and find a lot of conflicting information. Some claim that most popcorn ceilings from the 80s have asbestos while others say it's actually very rare.
Does anyone here have experience with this?
Update: We decided not to have the popcorn tested. The house was listed last Friday. The first couple to come through fell in love and made a nearly full-price offer on Saturday. They even wrote us a letter saying how they've been searching the area for months and that the place was perfect for them and their 2 dogs. A contract was signed on Monday. The price is way below what the couple is pre-qualified for and the guy is a cop. Everything seems very solid.
Now we just need to find a place in our new location.
Moving sucks.
We have 2 choices:
1. We can test the ceilings for asbestos. If there is none present the buyout is not a problem. However, if it is present there will be no buyout and we have to disclose that fact to potential buyers and would likely have to have the problem fixed, which would cost @ 20K to remedy.
2. We can put it on the market ourselves, without any testing, and hope the place sells.
Option 2 probably isn't a huge problem. We have a waterfront home that is fairly desirable. Still, option 1 is nice because the buyout automatically happens 60 days after the house is on the market, so it's easier to plan on buying a new place.
I've been searching on the internet for info on popcorn ceilings and asbestos and find a lot of conflicting information. Some claim that most popcorn ceilings from the 80s have asbestos while others say it's actually very rare.
Does anyone here have experience with this?
Update: We decided not to have the popcorn tested. The house was listed last Friday. The first couple to come through fell in love and made a nearly full-price offer on Saturday. They even wrote us a letter saying how they've been searching the area for months and that the place was perfect for them and their 2 dogs. A contract was signed on Monday. The price is way below what the couple is pre-qualified for and the guy is a cop. Everything seems very solid.
Now we just need to find a place in our new location.
Moving sucks.
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