Quote:
Originally Posted by CathyandSteveG
I just found out today that the house we are seriously thinking about buying next week has a disclosure statement on it. It is one of four houses at an intersection that had a depression in it. I was told the depression was pumped full of concrete and there should be no issue. So i called about insuring this home. We can get catastrophic sink hole insurance but we cannot get gradual sink hole insurance.
Should i turn tail and run now?
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If it were me, I would. Why start out with a new home that already has a known issue. I would think that it would also affect the resale value given that the disclosure
will always be part of any sale of the home.