Selling a house with ASBESTOS

[Grant Berthold]

Hi BP!

Currently my wife and I considering selling my personal residence to use the equity to continue to pursue our real estate goals. When we first moved in and were renovating, we tested the popcorn ceiling for asbestos before scraping them. We found them to have asbestos, so we just painted over them to save us the hassle/$ of remediation. Now that we're considering selling, I'm not sure how buyers will react to seeing that there's asbestos (since I now have to check "yes" in the sellers disclosure; almost wish we didn't test for it! haha). 

Have any of you dealt with selling a house with asbestos? How much will this affect a buyer's perception of a property? After doing research I'm no longer scared of it, as long as it's sealed, but I'm wondering how many people would pass on a house b/c of asbestos.

Thanks all!

Grant

[Account Closed]

@Grant Berthold

I never sold a house with asbestos but the last deal I funded had asbestos.  Here are the particulars.  Owners needed to fix the asbestos or take a cash offer.  Bank would not offer a loan to a buyer because the house is considered uninhabitable due to the asbestos.  We negotiated 60k off list price.  Original list price 910k.  Our purchase price 850k all cash 10 day close.  

Good luck