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Real Estate Matters: What buyers/sellers should know about chinese drywall

By WINK News

Story Created: Sep 28, 2009 at 3:21 AM EDT

Story Updated: Sep 28, 2009 at 3:21 AM EDT

Point 1: Realize that there is more to be learned about CDW then what’s already known

18 months ago people wouldn’t have been able to describe the difference between Chinese drywall and Chinese checkers

So, there are still many unanswered questions about the best way to identify and correct it, potential health risks, and how it will effect the value of the property or even the surrounding neighborhood.

Point 2: Pay attention to the year the property was built

Most experts suggest that if a property was built or remodeled from 2004 to 2006 that there MAY be a potential for CDW

In Lee County 25% of the available inventory was built in that time frame, so there is a 25% chance CDW could exist

Point 3: If the property was built in that time range, have the property inspected for sooner verses later. That means buyers of short sales, have a Chinese drywall inspection as soon as the seller signs your offer.

Don’t wait for the lender’s approval because that may take months

Sellers, have your home inspected before you put it on the market

In fact, all owners of property built in that time frame should have an inspection because not only is there property tax relief but I believe there will be government intervention into the correction of it.

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