Now THERE'S a bit of good news, Frank! Hope it all goes through.
From the FWIW department, here are some thoughts re: the radon scenario -
If the general area your NY home is in is prone to higher than normal radon levels, plan on your home not meeting the approved spec. We knew for a fact there was no way our prior home in OH was going to pass the test given the statistics for the area. Sure enough - epic failure. The buyer wanted us to cover the complete cost of installing a mitigation system, etc. What I wanted to do was protect us from any issues involving the actual mitigation and getting the measured radon level down to an acceptable standard. The estimate the buyer had in hand stated a price range, based on what all might be encountered in installing such a system. That's what he wanted us to cover. So we countered with giving the buyer a credit at the closing of the low end of the range, anticipating that he was just wanting cash in his pocket to help offset his closing costs rather than actually having the system installed. AND......I also insisted he sign an agreement stating that if at any future point he chose to install the system and it was unable to achieve the designated radon spec level, we as sellers would not be held liable. He accepted it.
The radon deal is a funny thing. Some feel it's smoke and mirrors - somewhat a non-issue. Others feel the opposite - that it's a valid concern. Regardless, we wanted to get it off the agenda without going through having a system actually installed - made the most sense to me. Let the buyer do it themselves without any involvement from us as sellers!
JMHO!
Bill
