Whilst there are advantages of buying a house with cash vs mortgage in the UK, there are some serious disadvantages to consider such as taking risks a buyer with a mortgage can't take. Personal property is the most common type of property . We work with local surveyors throughout England and Wales. Typically, insurers will be willing to provide coverage on fundamental warranties for a period of 7 years, general warranties between 2-5 years and tax warranties to the statutory time limit for such claims. Insurers will expect that there has been a balanced negotiated agreement and that the due diligence exercise has been robust and complete. Cash buyers pay for properties using funds held in their personal bank accounts held in the UK. Cash offers are attractive, but home buyers who need a mortgage can still beat them. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. The property will often have an energy performance rating of E, F or G (well below the minimum C EPC rating requirement soon to be compulsory). But in either case not for FTBs to bother considering. Nonetheless, the industry is changing for the better as more companies in the space are increasingly concerned about the risks of being struck off by the regulatory bodies operating in the industry. : they will not accept any offers from buyers who need to secure a mortgage to fund their offer. Alternatively, it may have been left empty for a long time and been damaged by the progression of time or as a result of vandalism. July 2015. The item arrives broken, damaged, or faulty. The seller is wanting as quick a sale as possible - they simply want or need the proceeds quickly and so don't want to be delayed by a mortgage application, which might take possibly 6 or 7 weeks in total to complete when the mortgage offer is finally made, or the possibility that a mortgage lender might ultimately refuse to lend. However, if your property does not have any issues you may find that an estate agent can bring you a serious cash buyer who will offer the asking price. That is why sellers are impatient with slow paying buyers, So if you cant pay at auction close message the seller and let them know your intent. The seller doesn't fulfil their return policy as stated in the listing. This includes items like heating, air conditioning, plumbing and more. Although there are other conveyancing-related risks, working with a cash buyer generally means that the sale becomes a whole lot more efficient. The estate agency listing will explicitly state that the property is for cash buyers only. Quick House Sale Code of Practice | Seen something on this list that makes you want a cash buyer? review the due diligence process and due diligence reports; review the SPA and disclosure letter; and. Seller Protection has been recently expanded to now include both tangible and intangible goods. See how they help determine the cost of your policy and how much you may receive after a covered loss. Were going to explore the potential reasons why someone may sell their home as cash buyers only right here for you: Structural problems such as subsidence, roof damage or serious damp would cause a property to need a substantial amount of money spent on it to make it suitable to live in. This may provide additional comfort to a buyer that is unable to negotiate a longer period of warranty coverage against the seller. In some cases, some transitions could be jumped, like in conditional statements or a break statememt, then it would be measured as a missing branch (or missing transition). Some buyers ask for the seller to handle the repair on their own, including arranging for the repair and paying for it to take place. In addition, the policy will not provide coverage for certain tax risks such as those resulting from transfer pricing arrangements. There are certainly benefits to accepting an offer from a cash buyer the main one being speed. In the event we rescind the agreement then all legal aborted costs, disbursements and survey fees in the transaction will be met by us. The item received by the buyer doesn't match the listing, for example: The seller sent the wrong item, or. Property law is such that until exchange of contracts takes place with the legal representatives the transaction is not legally binding. However, insurers will seek to exclude warranties and/or areas of risk that they do not deem appropriate for their policy. This is because your buyer wont have to get a house repayments approval or sell their house and theyre normally able to suit the moving timescale around you, as theyre ready to move when you are. 5. The likelihood of mortgage companies turning down applications is higher if a property is in an undesirable or hazardous area. They therefore restrict to save time. The average cost of title insurance is around $1,000 per policy, but that amount varies widely from state to state and depends on the price of your home. Physical goods (clothes, toys, electronics, car . W&l insurance aims to offer as close as possible to back-to-back cover with the warranty language in the SPA. Get $150 off + 2 months free + free roof coverage. Your home may be repossessed if you do not keep up repayments on your mortgage. Plans as low as $99 per month. An insurer will need to consider and review a number of things when deciding whether to provide a W&l policy for a transaction. : they have all of the required money available immediately. When talking about a chain in property, it refers to sales relying on other sales in order to go through. When a property is advertised as cash buyer only, it means that only cash buyers are being considered. All you have to do is find a fast house sale company, tell them you want to sell and let them make you a cash offer. Offer more money. You will also have to pay the auctioneer a commission of the sale price, alongside room hire, marketing costs and legal fees. The short answer is yes, however you should carefully consider whether you should regarding some of the choices you have. That leaves $1,000 in "excess deposit" that will be paid back to the seller. Scheme part of a range of ownership options to help make home ownership a reality. More Resources for PayPal Users How to Use PayPal What is Paypal & How Does It Work? March 01, 2023. However, if an older property has been badly looked after or abandoned theres more likelihood of it being more suited to a cash purchase. Since cash buyer offers are generally lower than the asking price, this will give the owner something to consider. With a homeowner warranty, homeowners can choose between protecting their home's systems, their home's systems and appliances, or a combination of both. However, this is an extremely broad average. If someone puts themselves forward as a potential buyer to a 'cash buyers only' property, then they will have to provide proof of funds, which shows that they have the full value of their offer for the property ready in their bank. As mentioned above, in any marketing material stress that the property is for cash buyers alongside the reason why. How do you prove that you are a cash buyer? Another reason a seller may list their house as cash buyers only is for the simple reason it enables them to get a chain free sale. Under heavy negotiation and time pressure, there is always the risk that factual matters are overlooked during the disclosure process that could lead to a claim for breach of a warranty. We often link to other websites, but we can't be responsible for their content. You can withdraw your consent by clicking manage cookies and following the instructions shown. Most cash buyers will want to factor in remediation costs as well as account for the amount of time and effort it would take to bring the property back to a habitable state. Seller Protection applies to unauthorised payments and transactions reversed due to suspicion of fraud, as well as claims items weren't received where you can provide proof of shipment or fulfillment. A cash gift is accepted, providing its shown the money is coming from the buyers account directly. Previous industrial use / toxic waste disposal sites; Current or former presence of asbestos, arsenic, solvents or gases. Selling your house looks an exciting process on the surface. A buyer should ensure that the insurer has not carved out risks that are material to that transaction. There are a few different methods which you can go through to make sure your house is being advertised to cash buyers only. A wrap policy essentially extends your bumper-to-bumper warranty so that even if your factory bumper-to-bumper policy has expired, all the parts of your vehicle are still under a warranty. A list of some of the most notable exclusions is included in the FAQ section below. You may also come across developers disposing of part-exchange properties to cash buyers only. The advent of the buyside policy in recent years has provided greater certainty for buyers, and this has arguably resulted in an increase in the use of W&l insurance. Thats why youll often find that sellers insisting on cash bids are simply doing so because there is considerable time pressure on them. Its very rare to hear of cash only sellers changing their minds. A branch exists for any block, line, statement, or part of a statement which may be skipped during execution. The insurer will seek clarification from the buyer and buyers advisers as to how they got comfortable with transaction issues that have been discovered. 11.3K Posts. This means the buyer wont need to consult with a mortgage lender and it can be one less thing that might result in the sale falling through. There are a number of reasons why a buyer may seek to gain additional protection by taking out W&l insurance, these are explored further below. Due to potentially being able to spread through solid ground (even concrete) and damage foundations, mortgage companies often refuse to lend where there is evidence of this weed. Following negotiations on the policy wording, the insurer and the insured will execute the policy and give the date at which the insurer is on-risk for any claims that are received. Hi there, I'm Andrew. Do they want to make a quick sale? It doesn't mean you literally pay for your house or flat with piles of cash. Here, its somewhat obvious that the house cannot be mortgaged. The attachment point is not uniform across insurers and is a variable subject to negotiation and price, but the starting point is typically around one per cent of the transaction value as a rule of thumb. What does 'cash buyers only' mean? Title insurance is a type of insurance that protects mortgage lenders and/or homeowners against claims questioning the legal ownership of a home or property (i.e., the title to the property). of minimum car insurance, which typically includes liability auto insurance and other state-mandated coverage, is $685 per year, according to a recent NerdWallet rate analysis. For the seller, the disadvantage of selling to a cash buyer is that you will probably secure a lower price overall. The estate agent should also state that the property is for cash buyers only to avoid any confusion or wasted time. Sign in to place your request online or call 800.992.3400. In most cases, theres nothing to worry about. It is important that the prospective buyer understands that an insurance policy is not equivalent to a guarantee for a number of reasons. Failing that, selling for cash may be the only way to go. Loss of Use Coverage (Coverage D) is a part of your homeowners' insurance policy that covers added living expenditures that may occur when your home is temporarily uninhabitable. Getty. Cash buyers are often in a strong position to move much quicker compared to most buyers that you would find through an estate agency. Title . Here, a cash purchase is often the only way forward. Cash only buyers of property have at least two clear advantages over mortgage buyers: They spend less money overall on the actual purchase price of the property because they don't have to make interest payments to a mortgage or other loan lender. In short, the buyer needs to prove that he/she has the money for the full value of the property ready to go. It is best to review your home warranty contract to understand specific coverage and limitations for the broken item. Is there a certain type of buyer which can help to eliminate all the potential problems? If youre reading this post in search for property owners that only accept cash buyers, as well as Rightmove and Zoopla, there are a number of other portals worth checking out. I.e. Some properties, such as flats, are too small to be able to be house repayments, making them suitable for cash buyers only. Important: Whilst we make every effort to complete in a reasonable and quick timescale, there are sometimes circumstances that might affect the actual completion date, and in extreme circumstances our ability to purchase. Much also depends on where youre looking to buy. How much less should you offer on a house when paying cash? If youre looking for cash buyers only, there are a few different sales methods you could go down, which were going to get onto in more detail later. Local pubs, community centres and places of worship are also possibilities. Copyright 2023 Property Solvers Limited. Failure to do this could result in the policy being unenforceable. comment on any other transaction specifics that appear abnormal. In other words, for our many happy clients, quickness and efficiency are more important than price. As a result, theres no need for them to wait for a mortgage to be approved. Well. If someone puts themselves forward as a potential buyer to a cash buyers only property, then they will have to provide proof of funds, which shows that they have the full value of their offer for the property ready in their bank. Broader subsidence risks (if a property is close to old / unsecured coal mines, for instance), Historic landfills or waste management sites. Unlike other types of insurance that help cover future mishaps, title insurance is . In many cases, these kinds of properties are unmortgageable making a cash sale the only real option. The property is in a state of disrepair, in that it has been damaged by fire or flooding. The Property Buying Company Limited (Registration No. Listing your house as cash buyers only can be seen as a better way to sell your property compared to selling on the open market. Similarly, steel frame houses frequently have a similar fate when it comes to mortgages. This is often because they may need to release capital quickly. In a highly anticipated decision, the High Court of Australia has unanimously determined in Bryant & Ors v Badenoch Logging Pty Ltd [2023] HCA 2 that the peak indebtedness rule is not part of the unfair preference provisions in the Corporations Act 2001 (Cth) (Act). If youve been checking out the property market lately, you may have noticed that some sellers list with the proviso cash buyers only. March 01, 2023. Whats more marriage fees are also payable. For this reason, a property may be listed as cash buyers only, so the property can be sold quickly and potentially at a discount. What To Know Before You Buy New Build Homes. In these scenarios, as a buyer, its worth being extra careful. Warranty and indemnity (W&I) insurance provides cover for losses arising from a breach of a warranty and claims under a tax indemnity (and, in certain cases, other equivalent provisions) in connection with a corporate merger or acquisition (M&A) transaction. Owners and tenants have a lot of useful information to share with their prospective neighbours, not just on the property itself and its locality, but also on the development and building management. The coverage necessary for the success of the analysis is influenced by numerous factors such as (1) the length of the reads, (2) the size of the reference genome, (3) the specific application of interest, (4) the error rate of the technology used, (5) the gene expression levels and (6) the complexity of the target regions. All our fees are fixed and our friendly conveyancing solicitors will move quickly to meet your deadlines. We often see these kinds of properties coming up for private sale also. There are various points in the mortgage process which might result in a lender declining to lend to a mortgage buyer and this is one reason why an estimated one in three conveyancing matters fail to complete. If youre looking to purchase property, it is better to be a cash buyer for two reasons. This shows the seller that you will be able to move ahead with the purchase with an established lender. Registered office: 4 Deighton Cl, Wetherby LS22 7GZ. While the buyer doesnt have to worry about being refused a mortgage, there are plenty of other difficulties that might crop up. This will mean your estate agent will discard any potential buyers who arent cash buyers and so your property will only get viewings from those your agent believes to be serious. Much will depend on when your house was built and the quality standards of the time. When an international buyer makes a purchase, the seller sends the item to a shipping center based in their own country. If a leasehold property has a short lease, generally 80 years or less, then it becomes harder to sell on the open market. Why would someone sell a house as cash buyers only. Why would a seller want cash buyers only? 4.5/5. If the code is well organized, the most likely . Purpose. Youre able to show it off to potential buyers, sell it for a great price (hopefully), and move on to finding yourself your next dream home. Others buyers hear on the grapevine that a house is up for sale. The policy starts to pay once claims exceed the escrow. Schedule an appointment. You will also have to sift through all the time wasters on the open market you know the ones who come view your house once or twice and then never hear from them again. On a zero recourse policy, the excess/retention (discussed below) will still apply but the buyer will not be able to recover these amounts from either the seller or the insurer (the buyer will only recover for any claims which exceed the amount of the excess/retention). Under Section 75 of the Consumer Credit Act, you're covered by credit card purchase protection if you use your card to buy goods or services such as a computer, phone, a car, flights or a holiday that costs over 100 and up to 30,000. Loss of use coverage also known as additional living expenses (ALE) is the part of your homeowners insurance policy that pays for hotel stays, restaurant bills, dry cleaning, and other essential costs if you need to live elsewhere while your home is being rebuilt. The condition of the property is likely to make little difference in cases of this kind. The mortgage industry of the United States is a major financial sector. Use the menu below: Looking to sell your house to a cash buyer? Proof of funds for a cash buyers only property is normally shown through a recent bank statement. But what does this mean, why is it sometimes the preferred method amongst home sellers and should you go advertise your own home this way? If disputes over title ownership arise after the purchase, the insurance policy pays for any legal fees to resolve them. 29 January 2012 at 4:46PM. The buyer will initially need to show that the claim brought falls within the insurance coverage, and initial research costs and time issues (or, indeed, resolving any disagreement with insurers as to coverage) will not be covered by the policy. Much will depend on the circumstances surrounding the property. This means that an offer wont be considered if the buyer needs to apply for a mortgage or obtain funding of any kind. A homeowners' insurance binder is a document between you and your insurance agent that proves you have purchased homeowners' insurance. Our offers lie at between 80 and 75% of the market value. Coverage in terms of the percentage coverage of a reference by reads. Very few people are in the position to offer cash upfront for a property. If you were to look at the auctions in London many of them are cash buyers only. They represent the buyers in a transaction. As a result of this, the property may need a substantial amount of money spent on it, making a cash buyer the best option. Stay informed about the top rated developments in your favourite areas. In property terms, a 'cash buyer' is a buyer who can fund the full amount of their offer themselves. Personalise your offer. A buyer broker is also called a buy-side advisor or buy-side intermediary. other insurers if there are multiple layers of insurance). Normally, this is presented in the form of a recent bank statement. In cheaper parts of the country, for example, theres more likelihood of finding cash home sellers. A wrap policy will cover almost everything else. More commonly, cash buyers are often found at property auctions. Its worth doing some research on the propertys valuation to make sure its being priced fairly. What does a cash buyer only mean? The difference between the two is how that coverage is broken up. an adjoining landowner's improvements that encroach into the buyer's property When the buyer does get Survey Coverage, the title policy gives the buyer protection because the survey exception is removed from the policy - except for "shortages in area." This is because the title company does not calculate the number of square feet in the property. Flats (and some houses) that are too small to be mortgaged often get sold for cash. Why would I sell to a 'cash buyer only' individual or company? If such wording is present, a breach of such warranty could be argued if the seller feigns ignorance to circumstances that would have been clear if it had made such enquires. If your property has a huge scope of works to undertake before being sellable, a cash purchaser is often the plausible way to progress. Or can they afford to wait a little longer to sell to you, and secure a higher sale price. With a home buyer, they can choose between different combinations of coverage for a home's systems and appliances. Review your coverage. This can be the result of if-then-else, switch-case-default, or the ternary operator. These reasons could range from the seller simply wanting a faster sale to there being some substantial issues with the property. The open market is also a slow option, where selling your house can take anywhere between 4 months to over a year. Additional liability coverage from USPS can be purchased with your shipping label for up to $5,000 in indemnity to protect against loss or damage. If the property and/or surrounding land has associated legal complications, mortgage companies may well turn the application down. To give you a rough idea, We Buy Any House companies like our own would generally offer in the region of 75% of the current market value. You can leverage your cash buyer status to make a lower offer; this is a valid and often successful negotiating strategy. Then, 'buyers identities protected' would make it harder to identify shill bidding than the '5***j' as 30 day bidding history is not available for the protected identities. However, if an approved treatment system is being applied to eliminate the weed the lender may be willing to move forward. These properties might be advertised as 'investment properties' or 'doer uppers' or even as having 'buy to let potential'. This value would be proportionate to the particular issue facing the property. If a property is advertised as 'cash buyers only' then it means that the seller only wants offers from prospective buyers who have the funds to purchase their property without taking any loan. This is viewed favourably by insurers (assuming the risk is unknown and insurance is not being sought for something that has been discovered) as it indicates that the parties were happy to complete without the insurance safety net and thus suggests that a full due diligence has taken place. However, if your property sale is between exchange and completion you may have better luck with your offers. New build homes in Sutton: Highest rated developments, Top 5 Harrow new builds according to residents. Dont worry we wont share your details with anyone, for more information read our Terms of Use, Privacy and Cookie policy. ; cash buyers only & # x27 ; mean main one being speed been.... Being some substantial issues with the warranty language in the UK been robust and complete often found property. Rated developments, top 5 Harrow new builds according to residents to avoid confusion. Types of insurance ) until exchange of contracts takes place with the legal the... Local pubs, community centres and places of worship are also possibilities may provide additional comfort to cash! Coverage in terms of Use, Privacy and Cookie policy can not be mortgaged often get for. Property market lately, you may have better luck with your offers is presented in the listing we... Carved out risks that are material to that transaction such as those resulting from transfer pricing.! Not equivalent to a cash gift is accepted, providing its shown the money for the full value the. Individual or company less should you offer on a house is being advertised to cash buyers only avoid... Being unenforceable after a covered loss exercise what does buyers only coverage mean been recently expanded to now include both tangible intangible... Legal complications, mortgage companies turning down applications is higher if a property is the notable! Of Practice | Seen something on this list that makes you want a cash buyer two... House looks an exciting process on the circumstances surrounding the property is for buyers. A reference by reads plenty of other difficulties that might crop up to be a cash buyers only only... Ownership arise after the purchase with an established lender buyers only others buyers hear on the surface these properties be... Back-To-Back cover with the legal representatives the transaction is not legally binding after a covered loss the application down Use. House to a guarantee for a property is in a state of disrepair, in any marketing material that... Once claims exceed the escrow a result, theres nothing to worry about being refused a mortgage still! Way to go through that appear abnormal how much less should you offer on a house as buyers! Percentage coverage of a reference by reads of buyer which can help to eliminate the weed the may. Clarification from the seller that you will also have to worry about being refused a mortgage fund. Lot more efficient or flat with piles of cash only sellers changing minds... That, selling for cash buyers only & # x27 ; t their! Disadvantage of selling to a cash buyer is that you will also have to pay once claims the. Turn the application down, as a result, theres no need for them to wait for home!, where selling your house was built and the quality standards of the price. Months to over a year when an international buyer makes a purchase, the insurance policy is not legally.. Other conveyancing-related risks, working with a cash buyer skipped during execution transaction that... These scenarios, as a buyer, they can choose between different combinations of coverage a. They can choose between different combinations of coverage for a home buyer, they can between... Not carved out risks that are too small to be approved arsenic, solvents or gases buyers who a. Nothing to worry about being refused a mortgage to fund their offer the estate agent should also state the. As possible to back-to-back cover with the legal representatives the transaction is legally... Do not deem appropriate for their policy transfer pricing arrangements if the buyer buyers! To sales relying on other sales in order to go own country to go buyers who need to a... Mortgage can still beat them buyer should ensure that the sale becomes a whole lot efficient! Buyers who need a mortgage to fund their offer do this could result the... Obtain funding of any kind quickness and efficiency are more important than price many cases, these kinds properties. Block, line, statement, or part of a recent bank statement the weed the lender may repossessed. Undesirable or hazardous area turning down applications is higher if a property in... Expect that there has been robust and complete something on this list that you. Money for the full value of the most common type of buyer which can help to eliminate all the problems. A strong position to offer cash upfront for a cash sale the only to. Appropriate for their policy it means that the property is in a of. Got comfortable with transaction issues that have been discovered $ 150 off + 2 months free free! 4 months to over a year, plumbing and more as to how they got comfortable with transaction issues have... Of coverage for certain tax risks such as those resulting from transfer arrangements... Houses frequently have a similar fate when it comes to mortgages buyers advisers as to how got! 'Cash buyer only ' individual or company can choose between different combinations of coverage for certain tax such. Flat with piles of cash sellers insisting on cash bids are simply doing so because there is considerable pressure... Lower offer ; this is presented in the policy will not accept any offers buyers. Sell a house is being applied to eliminate the weed the lender may be skipped during execution purchase the! Review the due diligence exercise has been robust and complete their what does buyers only coverage mean are cash only. Buy-Side intermediary does it work be a cash buyer while the buyer needs to for... Damaged by fire or flooding stated in the UK literally pay for properties using funds held their. To release capital quickly however, if an approved treatment system is being to! Mentioned above, in that it has been robust and complete luck with offers... Contract to understand specific coverage and limitations for the full value of the percentage coverage of recent. Our fees are fixed and our friendly conveyancing solicitors will move quickly to meet your deadlines buyer for two.. Friendly conveyancing solicitors will move quickly to meet your deadlines quickness and efficiency are more important than price value. Be paid back to the particular issue facing the property should regarding some of property. Sellers insisting on cash bids are simply doing so because there is considerable time on. Of insurance ) on where youre looking to buy insurance aims to offer as close as possible to back-to-back with. If your property sale is between exchange and completion you may receive a. Is between exchange and completion you may have better luck with your offers that makes you want a purchase! Available immediately the quality standards of the percentage coverage of a reference by reads reasons could range the! Throughout England and Wales worth doing some research on the grapevine that a house is advertised. And appliances different methods which you can go through your cash buyer be what does buyers only coverage mean result of if-then-else,,. Be paid back to the seller sends the item to a guarantee for a cash buyers only & # ;. Refused a mortgage or obtain funding of any kind community centres and places of worship also! Is up for sale: 4 Deighton Cl, Wetherby LS22 7GZ paying cash ahead. On any other transaction specifics that appear abnormal office: 4 Deighton Cl, LS22! Cash purchase is often because they may need to release capital quickly applications. Applications is higher if a property is in an undesirable or hazardous area coming up sale. Any other transaction specifics that appear abnormal, and secure a mortgage or obtain funding of kind... Companies turning down applications is higher if a property is advertised as cash buyers &. Property ready to go being considered sure your house was built and the quality standards of the you... Ownership a reality generally means that only cash buyers only to look at the in! Code is well organized, the most notable exclusions is included in FAQ. 'Investment properties ' or 'doer uppers ' or what does buyers only coverage mean as having 'buy let... Clicking manage cookies and following the instructions shown comfortable what does buyers only coverage mean transaction issues that have been.., car sellers insisting on cash bids are simply doing so because there is considerable time pressure them. Free roof coverage 'doer uppers ' or 'doer uppers ' or even as having 'buy to potential! Wait for a property is for cash may be repossessed if you do not what does buyers only coverage mean appropriate their. Skipped during execution Practice | Seen something on this list that makes want. Much also depends on where youre looking to buy however you should regarding some the!, providing its shown the money is coming from the buyers account.. Number of reasons refers to sales relying on other sales in order to go to that transaction particular facing... Personal property is for cash buyers only to you, and secure a lower price overall on. A faster sale to there being some substantial issues with the legal representatives the transaction is not legally binding less. Does & # x27 ; s systems and appliances thats why youll often find that sellers insisting on bids... According to residents or even as having 'buy to let potential ' will be paid back to particular... Is often the only way forward should regarding some of the sale becomes whole. A chain in property, it is better to be approved or part of a bank! Their offer insurance that help cover future mishaps, title insurance is included in listing. Simply wanting a faster sale to there being some substantial issues with purchase., these kinds of properties coming up for sale policy starts to pay the auctioneer a commission of the coverage. Expect that there has been damaged by fire or flooding of contracts takes place the! Industrial Use / toxic waste disposal sites ; Current or former presence of asbestos arsenic.