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

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

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/
Post a Comment
Read more

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...
Post a Comment
Read more