Updated: Feb 26, 2020
Welcome to Transaction Talk. This section is meant to provide helpful information to agents. We will cover contract and industry changes.
New VA Radon Requirements
Dealing with radon reports on home sales and purchases is an everyday occurance for agents. Usually it just means an inspection requirement that must be addressed. But if you're new to the industry you may wonder why we need to deal with radon.
What is radon?
Radon occurs naturally as the uranium in the rocks and soil beneath our homes decays. The radon gas decay emits radioactive radiation. Per the EPA's website (https://www.epa.gov/radon)
“Radon is a naturally occurring radioactive gas that can cause lung cancer.
When does Radon become a problem?
The EPA recommends homeowners mitigate the issue if radon level is 4 picocuries per liter (pCi/L) or higher. They also state that Radon levels less than 4 pCi/L still pose a risk.
The fix is to install a radon mitigation system. The system vents the gas out through a pipe running from below the house out through the top of the house.
For most resale homes, requiring a radon report is optional for buyers. However, the VA recently changed the radon requirement for New Construction requiring Builders to perform a radon test.
What does this mean to you?
If your buyer is using VA financing and the property is new construction, then obtaining a Radon report is not optional. The buyer will need to obtain a radon report from the Builder and the radon will need to be mitigated if it exceeds the EPA standard.
No one wants to be caught off guard by a unexpected radon requirement. By hiring Lawson Property Solutions we will work to keep you and your buyer informed of requirements like this. Our list of vendors includes reliable radon inspectors and radon system installers.
We keep on top of requirements so you don't have to!