Quote:
Originally Posted by CassieInVa
As a prospective buyer in the next 6 months, this is information I'm definitely looking at. Yes things can happen anywhere, but if I can hedge my bets and stay in an area where there is not a lot of sinkhole activity, I don't think that's such a bad thing. Does anyone know if this is something that has to be divulged if you are buying one of these houses?
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It may make good sense to put a clause in your purchase contract of a home that you will pay for a company to test for sinkholes for that house. I think it usually costs around $150. If sinkhole is found, you would have option of backing out of the contract with no penalty.
Naturally, any known or repaired sinkhole must be divulged by the seller.