11-14-2014, 10:33 AM
Location: DFW
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There are currently homes about to be built that backup to a DFW airport runway.
They will price those homes accordingly and there will be certain people that will buy those homes.
If a home is discounted because of a future situation like a Highway and fully disclosed, is there a problem ?
Reminds me of the people who bought homes by the local sewer treatment plant then complained about the smell.
Also, all homes need repairs after a few years. Things break and wear out just like in your car.
11-14-2014, 11:43 AM
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Reputation: 2401
Quote:
Originally Posted by
SOON2BNSURPRISE
Isn't the key, "within a year" My parents sold their home that they had been in for over 38 years. I remember visiting with him at their new home a year after they had sold the old home. He was saying something about being relieved that the year was up. That way he didn't have to pay for anything for the former home. I think my parents had kept an insurance policy in effect for that first year. I am not an expert on these kind of things but is it possible that a buyer could get an insurance policy for a year of two to limit potential issues that may have been unseen at the time of purchase?
I was referring to different tile line like until rain season to see leakage problems. Unfortunately home warranty doesn't cover structural and/or construction defects and many builders who were building in our air are out of business, so you are on your own. I am sure some people are OK spending thousands on costly repairs, but most I would image are not. We are talking about 5-10 year old houses.
11-14-2014, 11:47 AM
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Reputation: 15667
Quote:
Originally Posted by
EngGirl
ONLY if insurance claims are posted. What if sinkhole evaluation never were performed? What if listed house doesn't have a sinkhole, but another house next door has. I am sure you as a great realtor check all houses within 1 mile radius of the house your clients consider to purchase..
Who do banks have to disclose repairs over 3K to? Banks are not fixing, this is where I see a problem, they just COVERING!!! Cracks on outside walls? No problem, lets seal it and paint it over. Window is leaking and floors and walls show water damage? No problem, let's replace a piece of drywall and change floors to new carpet. Do you understand where I am heading?
The house in question has the repaired sinkhole in the public records so all your insinuations are not necessary since it can be found with due diligence and a good agent will point that out.
And just so you know we check in the area but if that 1 mile radius, probably not since a mile away is not really affecting a home with a sinkhole or if you think that is why don't you get your real estate license and start a business with pointing out what is a mile away from a subject home.
In the area many banks are now replacing more than before but if you ask my opinion if I trust a bank to everything that is needed...NO, just as I don't trust anyone else since it seems many sellers don't disclose what they don't want others to know and many are playing with fire and gamble that a lawsuit will not happen down the road.
Just as the sellers of that multi million dollar home who filed an insurance claim didn't disclose it and after closing the claim came up after buyers dealt with mold and both seller and agent/brokerage are now being sued.
11-14-2014, 11:54 AM
Location: Moku Nui, Hawaii
11,053 posts, read
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Reputation: 10911
In our area the new thing is a lava flow which is heading out of it's traditional directions. I'm seeing dozens or more listings for houses which are in the possible new path of the lava flow. It probably won't be there for a year or two, it's real slow, but there's a fairly good possibility that the houses will be covered in lava within five years.
There is a standard lava disclosure that folks have been signing and basically ignoring for years now, but now that it matters will folks pay attention? Is a house inspector going to note that? If the houses are sold to mainland buyers with mainland lenders are they even going to know to ask about possible lava? Folks usually go by the "Lava Zone" when it comes to determine the lending particulars as well as the insurance particulars, Zone 1 being the most likely to be over run, but this new direction of the lava is going into Zone 2 so it has been considered somewhat "safe" area for a long time. Will the new buyers and lenders know about the changed conditions?
The prices are very low so some folks will probably buy them. Caveat emptor, I guess.
11-14-2014, 11:55 AM
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Reputation: 2401
Quote:
Originally Posted by
bentlebee
Why are you assuming that they don't know...? You act like a crime is committed but are you part of the negotiations or the transaction?
I went years ago to a builder in Meadow Point and they explained to us about St. Rd 56 being extended and that only happened 7-8 years later but they disclosed it while at that time we didn't even asked but if there is a empty piece of land it is ethical if the builder will disclose it and buyer's due diligence and since the plans are out there and often mentioned in the news papers and on the news it is not like a hidden secret.
Maybe because I am not assuming but has first hand info?
I would kindly ask you not to mix different topics here since buying new from the builder is not the same as buying from banks in existing neighborhood. Sure info about upcoming projects are not top secret info, but all realtors I even came across neglected to even think about it not to mention talk about it. And most people might not even think about new road going across their backyard when they have nice preserve view there now. I am not sure why you have so many thinks to argue with me about here. I am not getting anything from sharing helpful information with future home buyers in our area (and too bad this thread was moved to another subforum where most people moving to our area are not really reading)
11-14-2014, 11:57 AM
3,826 posts, read
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Reputation: 2401
Quote:
Originally Posted by
Rakin
If a home is discounted because of a future situation like a Highway and fully disclosed, is there a problem ?
IF it disclosed, sure, but if not? Who is responsible to share about upcoming road back to back with listed property? Realtor? Inspector? Bank who is the seller and most likely out of state?
11-14-2014, 12:01 PM
3,826 posts, read
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Reputation: 2401
Quote:
Originally Posted by
bentlebee
The house in question has the repaired sinkhole in the public records so all your insinuations are not necessary since it can be found with due diligence and a good agent will point that out.
Do you mind to update me what house in question you are talking about because I wasn't referring to any repaired sink hole houses here... If you are talking to your self and I interrupted you I apologize. Or maybe it's your normal misunderstanding our English as we previously experienced...
So, let's not assume something and compare every possible scenario to the house you keep in your mind. Good if sink hole was determined and repaired, but if it wasn't and bank covered most possible signs? No signs = no problems?
11-14-2014, 12:17 PM
1,320 posts, read
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Reputation: 1323
Quote:
Originally Posted by
EngGirl
I would check any permits associated with sink holes in immediate area of the house people are looking to buy. Since this thread was originally posted in local Florida subforum, I can tell where to look for these permits online, but for other states - I am not sure if it's available online information.
Hello
Thank you for your reply! Yes, I would be very interested in where to find these permits online in Florida! If you could post or PM me the link, whichever is best, please do so. it would be very much appreciated. Thanks again!
11-14-2014, 12:23 PM
Location: Southwestern, USA, now.
21,020 posts, read
19,383,279 times
Reputation: 23666
I understand a filled sink hole would be the best lot to buy!
Well, that's what they said on ABC News 2 days ago,
11-14-2014, 01:08 PM
Location: Columbia, SC
10,965 posts, read
21,985,795 times
Reputation: 10680
Quote:
Originally Posted by
Spring Hillian
There is no doubt that a certified home inspector be retained. Not the one the R.E. agent recommends, find your own, check their qualifications.
Good agents have good referrals because they want the buyer to be happy and refer them more clients. Good agents have good referrals because they are aware the job others do also reflect on them. Good agents have good referrals because they actually care about their clients. I find trust but verify to be better advice than "all agents recommend bad inspectors." Heck, I just had a deal get killed by the inspection but I'm not sweating it. We'll just go find another home, no big deal. It's not like I lost a client over it and I'd rather have a happy client than an unhappy home owner and a check.
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People in Group quarters - College dormitories (includes college quarters off campus) (%)
People in Group quarters - Military quarters (%)
People in Group quarters - On base (%)
People in Group quarters - Barracks, unaccompanied personnel housing (UPH), (Enlisted/Officer), ;and similar group living quarters for military personnel (%)
People in Group quarters - Transient quarters for temporary residents (%)
People in Group quarters - Military ships (%)
People in Group quarters - Group homes (%)
People in Group quarters - Homes or halfway houses for drug/alcohol abuse (%)
People in Group quarters - Homes for the mentally ill (%)
People in Group quarters - Homes for the mentally retarded (%)
People in Group quarters - Homes for the physically handicapped (%)
People in Group quarters - Other group homes (%)
People in Group quarters - Religious group quarters (%)
People in Group quarters - Dormitories (%)
People in Group quarters - Agriculture workers' dormitories on farms (%)
People in Group quarters - Job Corps and vocational training facilities (%)
People in Group quarters - Other workers' dormitories (%)
People in Group quarters - Crews of maritime vessels (%)
People in Group quarters - Other nonhousehold living situations (%)
People in Group quarters - Other noninstitutional group quarters (%)
Residents speaking English at home (%)
Residents speaking English at home - Born in the United States (%)
Residents speaking English at home - Native, born elsewhere (%)
Residents speaking English at home - Foreign born (%)
Residents speaking Spanish at home (%)
Residents speaking Spanish at home - Born in the United States (%)
Residents speaking Spanish at home - Native, born elsewhere (%)
Residents speaking Spanish at home - Foreign born (%)
Residents speaking other language at home (%)
Residents speaking other language at home - Born in the United States (%)
Residents speaking other language at home - Native, born elsewhere (%)
Residents speaking other language at home - Foreign born (%)
Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)