found a lovely house on a small pond. price seems reasonable,one catch- has a dam how big a deal is that?al

Asked by Richard S, Boston, MA Tue May 27, 2008

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Territory.c…, Agent, MA,
Tue May 27, 2008
It depends on the size, proximity to house and why/when it was built. You could check for the flood zone issues in that particular area by using zip codes on sites like these: http://www.floodsmart.gov/floodsmart/pages/landing_pages/lan…

Ask the seller about past water damage/issues and also make sure you get an inspection as they will likely be able to find damage done to the property by water.

If you are comfortable giving the address i/we could check it out on the map and see what you are talking about. Might give us a better understanding.

Generally speaking it should definitely be something you research pretty well before making the final purchase decision.

good luck!
Web Reference:  http://www.territoryre.com/
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Territory.c…, Agent, MA,
Tue May 27, 2008
Interesting... I am wondering if "defect" is standard disclosure language for dams. If it has been inspected and certified it sounds pretty solid, although, perhaps it might be in your best interest to have your own inspection either prior to an offer or after your offer has been inspected but before P/S.
Keep us posted.
Web Reference:  http://www.territoryre.com/
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Richard S, Home Buyer, Boston, MA
Tue May 27, 2008
Thanks for your advice-am indeed learning lot about this- the house is dry- basement clear of any signs of water - the dam was recently inspected and certified- It creates a lovely pond that provides recreation to seven houses on the water. The realtor did, though, have to disclose the dam as a defect. It is listed in the mass registry as low hazard, meaning that worst case it wouldn't impact people or livestock...
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