Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Buying a house with sink hole mitigation. (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/buying-house-sink-hole-mitigation-315832/)

Two Bills 02-02-2021 02:22 PM

One thing for sure.
The Villages has the nicest, prettiest, and biggest sinkholes in Florida!:icon_wink:

SharonW 02-02-2021 03:55 PM

No guarantee
 
Do your research and get all documentation on home from company that did repair and inspections.

Sinkhole FAQ | Florida Department of Environmental Protection

Garywt 02-02-2021 10:21 PM

I guess the reason for the sinkhole could be the answer. The Calumet Grove sinkhole that destroyed 2 homes was cause by the storm drains. The pipes cracked or came separated and each storm took a little more sand until the ground under the street and two homes was gone. One home has been repaired and I believe someone lives there, the second on is still sitting there all cracked. If the reason is unknown then I might worry.

jswirs 02-03-2021 06:42 AM

Before I bought in The Villages I saw a house I really liked, it had everything I was looking for, and a good price as well. Only to find that several years ago it had been repaired for a sink hole problem. My realtor immediately steered me away from that house, saying that I don't need the possible risks involved. Eventually I found an even better house and settled on that one. With all the houses for sale in TV, why take a chance like that. A sinkhole house can be problematic.

richs631 02-03-2021 07:22 AM

Quote:

Originally Posted by Paddygirl (Post 1896346)
I'd be interested in any and all opinions as to whether or not this is a good idea. The sink hole was 6 years ago.
Thank you in advance.

Why take a chance with so many other houses on the market. And if your heart is set you should call to see if you can get a homeowners policy and what the cost would be

Cassieb 02-03-2021 07:32 AM

Only if you can find an insurance company who will write you a sinkhole policy.

mainelovr 02-03-2021 08:11 AM

Quote:

Originally Posted by Two Bills (Post 1896514)
One thing for sure.
The Villages has the nicest, prettiest, and biggest sinkholes in Florida!:icon_wink:

You forgot “friendliest”!

asianthree 02-03-2021 08:25 AM

We bid on a home that had a previous sinkhole. Insurance company had underwriting review the report of the repair, with pinning. Underwriters said it was one of the safest home in TV. Insurance not a problem. We lost the bid, not because of the sinkhole, but the the bidding war.

Catalina36 02-03-2021 08:38 AM

You received all good advice from many Villagers.
Will you be able to sleep at night?
Biggest concern? Reselling the house, will it be a problem down the road?
Insurance issues, big question.
Would you purchase a car with a new rebuilt engine or would you look for another car?
My opinion, there are other houses for sale. I would look for another house!!!

DAVES 02-03-2021 09:27 AM

Quote:

Originally Posted by Paddygirl (Post 1896346)
I'd be interested in any and all opinions as to whether or not this is a good idea. The sink hole was 6 years ago.
Thank you in advance.

I would confirm anything your read in reply-INCLUDING MINE.
I believe the seller must disclose to a buyer that there was a mitigated sink hole.

We bought new 8 years ago and were offered another new home where they had mitigated a sink hole. There was a 10% discount offered on that home. We did NOT buy it-no regrets.

I'm far from a sink hole expert but I don't think they suddenly develop. There is a void and the soil collapses into it. Cost, I don't know but it seems to me we could use mining, oil drilling techniques to find voids. I would be surprised if they don't check before building roads, bridges, rec centers.

Sherry8bal 02-03-2021 11:20 AM

Quote:

Originally Posted by Paddygirl (Post 1896346)
I'd be interested in any and all opinions as to whether or not this is a good idea. The sink hole was 6 years ago.
Thank you in advance.

In my opinion purchasing a home that had ground remediation done means the possibility of a sinkhole has been fixed. That is the safest home to buy. People think that because there was some ground movement (not necessarily anything that opened up) makes that home unsafe, but in fact, the opposite is true. That home is now much safer than a home that has never been remediated.

There are sinkholes and sinkhole activity all over The Villages, no matter what village you live in, and those homes that have been "fixed" are the safest. You should also have no trouble getting insurance either. If the home has also been remediated, you would not have to purchase expensive sinkhole insurance for the home itself because it is stable. You would only need it for the yard, which also isn't likely.

You wouldn't believe what they bury in the ground when they are clearing off land for houses and once that rots away, you now have a void under the ground that you can't see. I would have no qualms about purchasing a home that had been remediated.

Huskies 02-03-2021 11:29 AM

Quote:

Originally Posted by Paddygirl (Post 1896346)
I'd be interested in any and all opinions as to whether or not this is a good idea. The sink hole was 6 years ago.
Thank you in advance.

Wouldn’t trust it plus you probably won’t be able to get insurance

laboutj 02-03-2021 12:21 PM

Quote:

Originally Posted by Huskies (Post 1896851)
Wouldn’t trust it plus you probably won’t be able to get insurance

If it were remediated correctly you would have no issue getting homeowners insurance.

snbrafford 02-03-2021 01:45 PM

Sinkhole mitigation - Insurance?
 
Quote:

Originally Posted by Paddygirl (Post 1896346)
I'd be interested in any and all opinions as to whether or not this is a good idea. The sink hole was 6 years ago.
Thank you in advance.

I'm not sure what you mean by sinkhole mitigation. I moved here in 2018 and was concerned about sinkholes as had not had to deal with that risk before. I purchased Cabrillio Coastal Home Owners through The Villages Insurance with sinkhole rider that costs $386 per year BUT has a 10% deductible. Like any insurance, you dislike paying for it, but when you need it, you need it real bad. Hope this is helpful.

Velvet 02-03-2021 03:30 PM

Quote:

Originally Posted by Sherry8bal (Post 1896846)
In my opinion purchasing a home that had ground remediation done means the possibility of a sinkhole has been fixed. That is the safest home to buy. People think that because there was some ground movement (not necessarily anything that opened up) makes that home unsafe, but in fact, the opposite is true. That home is now much safer than a home that has never been remediated.

There are sinkholes and sinkhole activity all over The Villages, no matter what village you live in, and those homes that have been "fixed" are the safest. You should also have no trouble getting insurance either. If the home has also been remediated, you would not have to purchase expensive sinkhole insurance for the home itself because it is stable. You would only need it for the yard, which also isn't likely.

You wouldn't believe what they bury in the ground when they are clearing off land for houses and once that rots away, you now have a void under the ground that you can't see. I would have no qualms about purchasing a home that had been remediated.

No! It depends on the cause of the sinkhole. Unstable underground collapse of supporting material, probably limestone, cannot be permanently fixed.


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