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You can reach Jim at walkerbagwell@aol.com or 321-213-0615

Thursday, June 18, 2009

Chinese drywall


I am sure most of you have heard of Chinese drywall, this drywall was shipped during the time period of 2002 to 2008. Testing of the affects is not as yet complete but there are things that we are sure about what this drywall causes in the property.

The drywall manufactured in China emits a sulfuric gas that will turn copper pipes black and can damage A/C coils. Some residents in the affected homes have complained of respiratory problems and dizziness. The health issues are not proved as yet but the FDA is working on the test right now.

Most of this drywall was used in Florida but the class action suit will be heard in New Orleans and contain cases from 3 states including Florida.

Now most people think that if your home wasn’t built in this time period you are safe but when you think of all the remodels and repair of water damage that have been completed in this time period then the possibility is still there in older homes.

We have already put an addendum in place that addresses this issue so if you are buying a property ask your agent to use it. To be safe ask for a complete seller’s property disclosure and ask your home inspector to check for the possibility of the presence of the drywall.

Seemingly good buy!

I have not been inside this home but it appears to be a good buy. Not a short sale or foreclosure, the home has 2115 sq ft with screened pool and is on a canal. Priced at $319,000 located in Diana Shores in central Merritt Island.

Just cover your bases in all transactions.

Jim Bagwell

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