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Answers (4)
Best Answer
- Eric Abrams, "Ericmabrams"
- Contributions:89
Your realtor should be able to assist you in finding out whether or not the storm water dry pond overflows or is a true detriment to the property. Lots of people live near dry ponds, it may not be a big deal.
One thing you'll want to investigate is whether or not the home is in a flood plain. It's not the end of the world, if it is, and I've owned homes in flood plains myself.
But, your lender will probably require that you purchase flood insurance. Depending on how your home is situated, flood insurance can be as low as a few hundred dollars per year, to several thousand.
So, make sure you discuss all aspects of this issue with your agent before you move forward with your purchase of this specific home.
Best of luck,
Eric M. Abrams
[content removed by moderator]
Executive Sales, Leasing, and Investment
[content removed by moderator]
California Real Estate Broker
DRE License# 01862927
Highland Partners Prudential
342 Highland Avenue
Piedmont, CA 94611
One thing you'll want to investigate is whether or not the home is in a flood plain. It's not the end of the world, if it is, and I've owned homes in flood plains myself.
But, your lender will probably require that you purchase flood insurance. Depending on how your home is situated, flood insurance can be as low as a few hundred dollars per year, to several thousand.
So, make sure you discuss all aspects of this issue with your agent before you move forward with your purchase of this specific home.
Best of luck,
Eric M. Abrams
[content removed by moderator]
Executive Sales, Leasing, and Investment
[content removed by moderator]
California Real Estate Broker
DRE License# 01862927
Highland Partners Prudential
342 Highland Avenue
Piedmont, CA 94611
- Open Home Mortgage
- Contributions:69
Just remember, the question you are asking will be asked by the potential buyer when you decide to sell it.
On the other hand, cypress trees in front of privacy fences go a long way!
On the other hand, cypress trees in front of privacy fences go a long way!
- Jason Weatherman, "Stonebridge National"
- Contributions:10
Insurance and Resale are going to be the two things to look at.
- Daniel Guest, "danielguest"
- Contributions:6
Depends on your definition of "big"? Most likely there will be insurance issues that need to be considered.
is living near a stormwater dry pond a big problem? should I buy near it?
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