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Realtor Magazine. Not disclosing property problems could lead to lawsuits, says RocketPlan



After the stress of house buying and renovating, it’s easy to assume that your house will only need minor repairs and upkeep. But what about the 3 major health hazards that are hard to see and cause damage to both your home and to yourself?

Recently, Realtor Magazine explored the different ways agents can educate clients on the signs of lead, asbestos and mold, and how to alleviate the issues. Buying a “fixer-upper” can seem like an easy task — low price, high reward. But if home buyers and renovators find one of these home health issues and choose not to disclose it, it could be bad.

In conversation with Realtor Magazine, Joe Tolzmann, CEO of RocketPlan, a property restoration management firm, explained why house flippers should err on the side of caution. He has one statement for them: Be careful.

“Failure to disclose the problems properly during the sale could potentially lead to lawsuits from the home buyers, especially if they come down with a serious illness due to previous asbestos, lead or mold issues with the property,” explains Tolzmann. “Failure to disclose the problems properly during the sale could potentially lead to lawsuits from the home buyers, especially if they come down with a serious illness due to previous asbestos, lead or mold issues with the property.”

How exactly can RocketPlan help with the home restoration process?

By using a project management software, RocketPlan helps property restoration contractors who are plagued with paperwork by digitizing their process. This helps them save time, provide accurate estimates, and gives a simplified process to submit their insurance claims.

After being in the restoration and remediation industry for over 15 years, Tolzmann has seen these home health issues in many houses — but only because he’s a professional.

“I can tell you that asbestos, lead and mold are the top three hidden dangers that pose health risks to any homeowner looking to renovate their older home,” states Tolzmann. “They can’t be seen with the naked eye, so it takes experienced professionals with special tools to detect their presence.”

Once disturbed, these health issues can become airborne and spread throughout the home, contaminating everything — clothing, personal items, and furniture — in its path.

As a precaution, getting professional help before and during the renovation process will help protect you with any future insurance issues — as long as you’re on top of your paperwork.

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