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Ep. 07 | Can You Sell a Home That Had a Sinkhole? Does It Affect the Home Value?
Manage episode 477408042 series 3659677
In Episode 7, we brought on Rich Kay from Keller Williams Realty as our guest. Rich used to work at Helicon as a Senior Project Manager, specifically regarding sinkholes. He brought this knowledge to the realty field and has assisted numerous clients in this space over the years. During our discussion, we touched on various topics including the key factors that potential homebuyers should consider when looking at properties with possible sinkhole conditions, the impact sinkholes have on peoples’ insurance and their homes for resale value, how sinkhole conditions affect the appraisal process, as well as much more.
If you or someone you know is facing settlement around their home or even a possible sinkhole, tell them to contact Helicon at their earliest convenience! Call 844-Helicon.
Chapters
1. Ep. 07 | Can You Sell a Home That Had a Sinkhole? Does It Affect the Home Value? (00:00:00)
2. Intro (00:00:05)
3. Key Factors That Homebuyers Should Consider When Looking at Properties With Possible Sinkhole Conditions (00:02:47)
4. Requirement for Realtors to Disclose to Their Clients About Any Known Sinkhole Issues With a Home (00:04:54)
5. Requirement to Disclose That a Home Has a Clean Bill of Health From Sinkhole Testing to Next Homebuyer (00:06:25)
6. An Example of How Repaired Sinkholes Can Impact the Buying/Selling of a Home (00:08:46)
7. How Buyers Can Get Peace of Mind if They Purchase a Home With Sinkhole Conditions (00:11:16)
8. The Level of Difficulty of Selling a Home That Had a Sinkhole Repaired (00:13:14)
9. How to Advise Clients to Approach the Inspection Process for Properties With Prior Sinkhole Problems and/or Repairs (00:16:20)
10. Types of Public Record Resources to Use for Sinkhole Claims or Past Sinkholes (00:18:25)
11. How to Make Sure Completed Sinkhole Repairs Were Done Right (00:19:32)
12. The Difference in Severity of Sinkholes (00:22:58)
13. How Sinkhole Conditions Have Impacted the Appraisal Process and Advice to Give to Realtors (00:24:10)
14. Can a Sinkhole in One Home Devalue the Other Homes Around It? (00:25:10)
15. Sinkhole Repair 20 Years Ago vs. Now (00:26:45)
16. How Realtors Should Communicate Potential Sinkhole Issues to Buyers Without Causing Alarm (00:29:57)
17. Ways for Realtors to Educate Themselves About the Different Foundation and Soil Stabilization Methods Needed to Repair Sinkholes (00:31:48)
18. An Experience Where a Sinkhole or a Severe Foundation/Soil-Related Problem Occurred (00:32:58)
19. Insurance Related to Sinkhole Repairs (00:38:04)
20. Outro (00:39:31)
12 episodes
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