We rely on the ground. It is, pardon the wordplay, the bedrock of our civilization. We walk on it. We build on it. Without it, we'd have to figure out how to make floating cities either on the ocean or in the air.
It's a nightmare scenario; you're at home—maybe even sound asleep in your bed—or perhaps just walking down the street, and all of a sudden, the ground beneath you literally opens up, swallowing homes, cars, trees and even people into a muddy, seemingly bottomless pit. If you're in California, you might attribute such a catastrophe to an earthquake, but in Florida, chances are you've just witnessed—or been the victim of—a sinkhole. Some regions of the country are prone to sinkholes because of their geologic makeup—and Florida is one such region. Believe it or not, sinkholes are more of an insurance risk in the Sunshine State than hurricanes. And Florida has more sinkholes than any other state in the nation.
There is nothing inherently wrong with buying a home with a repaired sinkhole. However, buying such a home does require a level of caution and diligence and requires various documentation. In fact, buying a home with a repaired sinkhole may turn out to be in your favor, as these homes can be more affordable than homes with no known sinkhole activity. Whenever you are buying a home in Florida, it is wise to examine the surrounding area as well.
According to the United States Geological Survey (USGS), 20% of the United States lies in areas susceptible to sinkhole events.