Skip to main content

Found a home, but concerned about retention pond behind house

Hi all,

I found a house that I really like and is in a really great location. It’s in the kent area of Washington. The only thing is there’s a retention pond in the back yard behind the back yard fence. Photo below. It’s been on market for 3 days which is more than usual in this area and has a pretty small back yard but a nice sized deck.

Is this something I should be concerned with? It isn’t rained a ton in the past few days and there was standing water still in the retention pond. We personally wouldn’t mind the view just more worried about resale and if we are over paying the house is priced around 525k has updated kitchen, and is in pretty good shape. 2400 square feet with 3 car attached garage and updated siding. All appliances updated. Bathrooms have some dates stuff but nothing super concerning. Really no front yard but has a cul de sac. I think we are buying location more than anything here though. We don’t mind the small minimalist back yard since we don’t like doing tons of yard work. More worried if we will struggle selling it 10 years down the road if we decide to move.

Also does this heighten the risk of crawl space water issues and such being close to a pond? I don’t know much about how they are constructed. I can see above where the water is in the back and you can see also there’s a pipe but I’m not sure if that’s to carry water away or if that brings water in to the pond?

House and development was built in the late 90s.

https://imgur.com/a/5nSVSHj

submitted by /u/Throwaway894742873
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/hj0dh6/found_a_home_but_concerned_about_retention_pond/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Co-signing as non-primary resident - effect on size of required downpayment & first time home buyer status?

Contemplating co-signing on a house with my mom and splitting the mortgage payment. I currently have a significantly higher income and much better credit than her. I'm looking at potential home costs and related downpayments but have difficulty using some of the online estimators. From my perspective, this would be somewhat of an investment purchase (I intend to stay in my current location in a different state and contribute to the mortgage), however, for my mom, this would be a primary residence. For purposes of the downpayment size and the type of mortgage arrangement, would it be an investment property or a primary residence? Many thanks for any help. submitted by /u/piercalicious [link] [comments] source https://www.reddit.com/r/RealEstate/comments/km4hvl/cosigning_as_nonprimary_resident_effect_on_size/
Post a Comment
Read more