I haven't been a good blogger lately. My husband and I are trying to buy our first house. It sometimes seems like a full time job. We live and want to buy on the East Bay of San Francisco.
So we found a house we really liked. Good neighborhood, nice yard, big enough house with no major upgrades needed. We read through the disclosures. Nothing jumped out at us. It was in an earthquake zone but here in the bay area you would be hard pressed to find anything that's not within 10 miles of a fault.
We decided to pounce. We told our agent to write up an offer. I looked into earthquake insurance and we both decided to pay the non-refundable $600 to have a seismic expert assess the risk.
When we went to review the offer our agent had found a way to create a map that showed the faults in our neighborhood through google earth. Holy crap apparently the Hayward Fault ran through the middle of our next door neighbor's house. Our house is highlighted in yellow and the Hayward fault is the red line. The hayward fault is deemed to be significantly more dangerous than the San Andreas at this point since it is long overdue to shake.
Well lesson learned but boy do I feel like I dodged a bullet.
So read disclosures and follow up.
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