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Updated almost 4 years ago on . Most recent reply

User Stats

73
Posts
18
Votes
Ellie T.
  • Investor
  • Boston, MA
18
Votes |
73
Posts

Removing sinkhole blemish from SFH

Ellie T.
  • Investor
  • Boston, MA
Posted

I own a house with settlement issues, after previous owners filed a sinkhole claim with their insurance company 20 years ago. The insurance paid out, but the work to mitigate was never done. Not that it was needed… multiple inspections since show normal settlement and nothing that indicates a sinkhole.

I would like to sell the property for fair market value, however I understand that with the “sinkhole” history the house will sell cash only, 15-20% under market value, since owner/occupiers will have challenges getting insurance and financing.

Any ideas how to remove this blemish? Is it even possible?

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