This year we have been involved in 3 listings that belonged to others and we are the second party in to try and sell the home. What makes these 3 unique is the homes were built before 1978. In all three cases when we presented the seller with the REQUIRED Lead Paint Disclosure they looked at us and said , "What's this?"
In Georgia you are required to disclose, if the house was built before 1978, the fact that there might be lead based paint. Yet in all three of these cases the disclosure was not done. I am going to assume out of lack of knowledge. Which is why I am writing this post . So what can happen?
1 If you get caught and yes the State does monitor these things the fine is $ 5,000 !!!
2 The buyer finds out about this after the fact and freaks out . Who knows where the $$$ will be in this case
3 The buyer renovates or has children . Either get sick from dust from the renovation containing lead or the child gets sick from eating paint chips. I do not even want to think about this one $$$$
So the bottom line is if a home is built before 1978 in Georgia you must have the exhibit for lead paint.