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Originally Posted by Cisco Kid
Would you buy a house with a repaired sinkhole anywhere nearby ?
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Great question... but IMO, it is opposite of what buyers would (likely) asked themselves!!!
Turn that question around: Why would I consider buying a home with a repaired or unrepaired sinkhole in FL? Especially if there is a supply of other homes on the market!
The short answer for me; I would not be very likely to buy a home with a repaired or unrepaired sinkhole.
This is an interesting article on the topic.
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CNN:
Sinkholes have affected property values in neighborhoods across Florida: Few want to buy into a neighborhood where there have been sinkholes. Some have lost more than 70% of their investment, and many have walked away from mortgages.
Florida has lax building standards when it comes to sinkholes. Home builders are not required to do detailed assessments of property to assess sinkhole risk, and because telltale signs are out of sight, under the earth, unsuspecting homeowners can buy into an area without knowing that they may be heading for trouble.
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CNN:
Florida is failing its citizens in sinkhole science and policy. It is time for the state to get serious about trying to understand this vexing problem. It is also time for policy makers to take another look at insurance, building codes and land use rules, and it's time to rebuild a Florida sinkhole research institute.
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Opinion: Florida, fix sinkhole policy - CNN.com