Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Siyu Zheng
  • Investor
  • Mountain View, CA
0
Votes |
6
Posts

House near high voltage cable

Siyu Zheng
  • Investor
  • Mountain View, CA
Posted

I recently presented an offer without any contingencies for a single family house in Sunnyvale California. After the seller signed the offer, I found a high voltage cable tower near the house (within 200 feet). I want to back out now. However, without any contingencies, it would be difficult to get back my earnest money. Here are two options given by my agent:

1. Seller returns half of the earnest money

2. Close the deal and rent it out in Airbnb. When the price goes up next March, sell the property. This will help avoid the loss of earnest money and might create some income. 

What I'm concerned is that the high voltage cabe might lower the resale value and I'm not sure whether the rent income could be able to cover all of the expenses.

Could someone tell which option is better?

Thank you!

Loading replies...