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One thing for sure.
The Villages has the nicest, prettiest, and biggest sinkholes in Florida!:icon_wink: |
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 |
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.
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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.
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Only if you can find an insurance company who will write you a sinkhole policy.
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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.
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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!!! |
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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. |
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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. |
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Sinkhole mitigation - Insurance?
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