Disclose Past-But-Fixed Water Issues?
A friend and neighbor is considering moving. I would list her house.
She has a desirable home - .75 acre lot in an area where .1 is huge.
The problem is that I think the house was built on top of an underground lake. I've never in my life known of a home with so much water in the basement.
She had a trench dug out in the basement, and a drain system installed with 3 turbo-charged sump pumps.
Since installation, there has been no water, and it's been a couple of years.
I'm a "disclose everything" kind of agent. This one is a bit different since I have first-hand knowledge of the defect - I even helped her bail the water out several times.
We're in a super-hot market, so I think it would still sell. But it's been repaired, so disclosure is not required.
I know what I have to do, but I want to hear it from you all, too.
@Russell Brazil ? @Dawn Brenengen ? @Jonna Weber ? @Dan Mackin ? @Anson Young?
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Real Estate Agent CO (#FA100049656)
- https://www.biggerpockets.com
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- Podcast Guest on Show #261