Talk of The Villages Florida - View Single Post - What Happens To Property Values in Neighborhoods Near Sinkhole Activity?
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Old 04-23-2014, 09:09 AM
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Originally Posted by BarryRX View Post
The OP has made a very legitimate comment. How in the world will the home owners of the homes immediately impacted by the recent sinkholes ever resell their homes? I would think that they would have to reveal that there has been major sinkhole repair to their property when selling the home, and with all the homes available, why wouldn't a potential buyer just look elsewhere? I guess the real question that should be asked is " if I have had a sinkhole on my property repaired, is my property in more danger, less danger, or the same danger as a property that has never had a sinkhole." Now, everyone will voice an opinion on this, but it would be nice to hear from a geologist.
I think that the sales pitch would be that we've already had a sink hole and it has been repaired and the ground is now stable. The odds against having another one on this property are astronomical. In fact there might be more of a risk in buying a home that's never had a sink hole.
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