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?
|
Cathy you can ask your agent for an Engineers report. We were in the same situation last year but we opted not to purchase the home. I sleep better at night knowing there are no issues. We also felt that if we ever decided to sell this may be an issue as you would also have to give full disclosure to the potential buyers. Good luck on whatever you decide. Only you know what's best for you.