Thursday, April 23, 2009
So, what's the scoop on Chinese Drywall? Yes, we've added yet another disclosure to those that already exist...Lead based paint disclosure, mold disclosure, radon disclosure, insurance disclosure, special taxing district disclosure...and so on and so on. Now, in the stack of paperwork that a buyer will be recommended to sign when making a purchase offer, there is another form: The Chinese Drywall Disclosure. It simply reads that drywall which was imported from China and installed in various homes in Florida, primarily during the shortages in 2004, may contain hazardous contents which can potentially cause health risks. There are an estimated 36,000 homes in Florida which are believed to contain drywall manufactured in China. According to a recent report published by the Florida Association of Realtors, many builders were forced to buy drywall imported from China between 2004-2007 due to a shortage in the U.S. manufacturing during those years. The imported drywall has been linked to numerous complaints about the release of a sulfide gas which can pollute the home with a rotten egg smell and cause problems structurally such as corroding electrical wiring and components of air-conditioning. U.S. Representative Robert Wexler (D-FL) sent a letter to Governor Crist requesting the Governor declare a state of emergency. Several federal class action lawsuits have been filed. It is believed that homes 13 states may have been effected. It is anticipated that this could end up being one of the largest product liability cases related to home construction in U.S. history. Chip & I are suggesting that any of the homes or condos that we have listed, that have either been built or renovated during these years, be tested for the "Chinese" drywall. If you are thinking of buying or selling and would like to get your home tested, please call us as we are happy to provide you with the name and number of a competent inspector. *Please note that not all Chinese drywall is defective, and not all defective drywall is from China.