When my home was first built twenty years ago we had a problem with the foundations (builder buried debris under foundation on one side of house.)

Asked by Mtashy, Lutz, FL Sun Jun 27, 2010

We sued builder and had independant Engineering company repair the problem. The Independent company found no evidence of Sink hole under the property.
If we put home on market , how much of an adverse effect would this have on selling price and would this need divulging in the sale. We have had no problems since repair was done.

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Keith Sorem, Agent, Glendale, CA
Sun Jun 27, 2010
When in doubt, disclose, disclose, disclose.

It was repaired, should not be a problem.

Good luck.
0 votes
Mott Marvin…, Agent, Sunny Isles Beach, FL
Sun Jun 27, 2010
It certainly should be disclosed. Its hard to say the exact amount of value that would be lost because of this
0 votes
Maggie Hawk, Agent, New Smyrna Beach, FL
Sun Jun 27, 2010
You may not like what I'm going to say, but you should tell a potential Buyer exactly what you told us.

And, the best way to disclose this information is in writing. Your agent can keep your signed disclosure in his/her office file, and give it to the agent working with the Buyers, to be signed and dated by them when an offer comes in. This signed document is a means of protecting both yourself and your Realtor.

Even though the condition you described has been corrected, it still needs to be disclosed. Please keep in mind how you would feel if you were the Buyer, and you found this out from the neighbors after closing.

All the best,
Maggie Hawk, REALTOR
(386) 314-1149
Watson Realty Corp.
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