Chinese Drywall - What You Need to Know
Remember when concrete was in short supply? When it was rumored that ships were turning around from delivery to Florida ports heading for China? Turns out drywall was in short supply also.The solution came from China - and now Chinese drywall has become a nightmare for some homeowners, home buyers, builders, and their agents.
Effective immediately, our company is requiring us to sign a Chinese Drywall Disclosure on Listing Agreements and Purchase Agreements.
Apparently, this product may cause the release of sulfur and other materials which could pose health risks. The fumes may cause air-conditioning evaporator coils to corrode and fail, and pipes and wiring to deteriorate.
Our company is being proactive to protect our Sellers and Buyers.
The Wall Street Journal's article pinpoints the problem to Florida. I'm guessing Florida isn't the only state to have this product, but happens to be one of the states where the most building was going on in 2003. In fact, there are some references to post Katrina homes in one Google link.
Another article on Google indicates the drywall wasn't sold at Home Depot and Lowe's.
How do I know if the home I own/want to buy has Chinese drywall? (Great question, Missy Caulk.) According to an inspector we know and trust (who is also a contractor), the only reliable way is to contact the builder of the home and find out who his supplier was and where the drywall came from. He said he is being contacted daily with offers of tests for this product, however he is doing his homework and waiting to see their track record before offering this service to his clients. Wise man. You know there are lots of folks trying to make a quick buck. He also said that industry information points most of the product was used in the Miami area.
So, fellow real estate agents and consumers, be alert when showing/buying and selling homes built in 2003 and later.
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Want to know more about greater Jacksonville FL? Email me at sharon@teamalters.com or call 904-673-2308.
Visit our website at www.teamalters.com for all Fleming Island FL, Green Cove Springs, Orange Park FL, homes in the greater Jacksonville FL area.
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