Category: Sinkhole News for Realtors

March 25, 2010 by Morgan Barfield

The issue often becomes not necessarily what their interpretation of the data is, but instead whether they have conducted sufficient testing before rendering an opinion. If they produce the test results, you can always have the data itself evaluated. Frankly, most insurance companies will get popped if they later discover that the engineering firm cut corners on the manner in which the loss was investigated.

March 23, 2010 by Morgan Barfield

You may also want to find out if they have been involved in homes with other stigma as well (e.g. fires, hurricane losses). Some homes may be difficult to sell, too, for other reasons (e.g. a death at the home). You would want to ask them how they dealt with that issue. Be comfortable asking for references from prior clients for realtors, or for any other professional you hire (e.g. contractors, lawyers, accountants, etc.). Any professional who is uncomfortable providing references for matters similar to yours is likely to be someone you do not want to work with anyway.

March 22, 2010 by Morgan Barfield

I would suggest going to the county of a home where you are interested and obtaining a copy of the building department file, and search the building permits. While you are at it, you may want to do the same thing for the homes on the lots adjacent to the home, to see if there has been any damage. Sinkhole problems are very common in Central Florida, and it is worth taking these additional steps before you commit to buying a home.

March 19, 2010 by Morgan Barfield

This is the kind of information that a realtor can provide that really assists the buyer in the transaction. By telling you this, you can make an informed decision as a buyer, which is key. Having said that, I cannot tell you from the mere mention of sinkhole repairs next door whether you should walk away. That will be something you will need to discuss with your family and your realtor.