Chinese Drywall Could Delay Housing Rebound
Experts in Florida worry that the fear of buying a home containing Chinese drywall may hurt the real estate market, The Tampa Tribune reports.
Home buyers are wary of purchasing a house with Chinese drywall. Prospective buyers are being advised to add a clause in the sales contract which would allow the agreement to be cancelled if Chinese drywall is discovered before closing. Potential buyers are also urges to hire a professional inspector if the house was built between 2004 and 2007 and to watch for corroded or black electrical wiring, tarnished metal or silver and the smell of rotten eggs.
The imported drywall was primarily used between 2004 and 2007, when destruction by hurricanes and the housing boom led to a shortage of drywall. As many as 100,000 homes throughout the nation are thought to contain the drywall which emits a corrosive gas that smells like rotten eggs and corrodes wires and appliances. More than 450 complaints have been lodged with The Florida Department of Health. The majority of homes contaminated with Chinese Drywall have been found in Florida.
Common health complaints made by homeowners living with Chinese drywall include sore throats, dry eyes, nosebleeds and dizziness.
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