Definition:
Radon is a colorless, odorless, radioactive gas naturally released from soil and rocks, which can enter homes through foundations and potentially cause health risks.
Example:
Sarah is buying a house and orders a radon test during the home inspection. The test reveals high radon levels in the basement. Sarah negotiates with the seller to install a radon mitigation system to reduce radon to safe levels before finalizing the purchase.
Explanation:
Radon gas is naturally produced from uranium breaking down in soil, rock, and water. It becomes hazardous when it accumulates in enclosed spaces like basements or crawlspaces. Because radon is invisible and odorless, specialized tests are required to detect it.
In real estate transactions, buyers often request radon tests as part of their home inspections. If radon levels exceed safe standards (typically set by the Environmental Protection Agency at 4 picocuries per liter or higher), remediation methods—like installing ventilation systems—are necessary to lower the concentration.
Sellers are typically responsible for addressing radon issues, either by lowering the asking price or paying for mitigation. Ignoring radon can result in health risks, as prolonged radon exposure is a known cause of lung cancer.
Why is Radon Important in Real Estate Transactions?
Understanding radon is crucial because it impacts the health, safety, and value of a home. For buyers, identifying radon levels ensures they move into a safe environment and avoid costly future mitigation. For sellers, proactively testing and addressing radon enhances the home’s marketability and prevents potential negotiations or deal-breakers later. Addressing radon early ensures a smooth transaction and protects all parties from future liability, emphasizing the importance of thorough home inspections in real estate deals.