Friday, January 17, 2014

"Let the buyer beware" Especially if there's Fracking going on - Caveat emptor

Caveat emptor is Latin for "Let the buyer beware" Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing,

Most people going house shopping start off their list with the usual; number of bedrooms, extra bath facilities, garage, total floor space and a few other items that helps them "price" their potential new home. Not enough people look into the environmental threats that can make or break a house's worthiness for the price.

The potential for disaster from flooding and pollution are often not even considered as they're not as immediately obvious. Current research sparked by new energy seeking procedures like fracking for oil and gas are now being shown to have an incredible impact on a properties value, rendering some worthless after an accident by oil and gas workers.

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