Historic subsidence not disclosed
Solicitors uncovered a historic subsidence issue dating to 2011 which was settled by insurance in 2016 and a certificate of structural adequacy issued. Property was partially underpinned and the cause (vegetation or trees) were removed and leaky drains rectified.
Survey has not flagged any ongoing issues.
Question 1: what is an appropriate discount to fair market value of such a property or price reduction we should ask for since this was not disclosed?
2: How much will it affect saleability when we would like to sell several years later
3: if a subsidence or other structural issue were to recur unfortunately, will there be any buyers if we chose to sell? How would it impact property values?
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u/Upbeat-Revenue-6667 — 7 days ago