Thou shalt not leave thy pool empty

An empty pool might seem like no big deal, but it doesn’t do much to propel a loan forward because of the challenges it presents. What are the risks?

  1. Someone can fall in and break a [fill in the blank].
  2. Standing water is an invitation for mosquitos, which then increases the risk for mosquito-transmitted diseases such as West Nile Virus. 
  3. The swimming pool could sustain damage from not being filled over time. 
  4. Lastly, how can you really know if a pool is working properly if it’s empty?  

I recommend talking with a trusted loan professional to understand specific lending guidelines, but I will say in light of the risks above, most lenders will want to see pools filled and functioning properly because of the health and safety risks associated with an empty pool. I’ve had a couple of instances lately for both FHA and conventional loans where my client wanted me to head back out to verify repairs were made to a pool (after I noted green water and/or missing pool equipment). I am not a pool specialist of course, so I am very careful about what I can and cannot verify as a real estate appraiser.

I’d be curious to hear your experience with pools and real estate, and also if you have any other risks to add to the list above. 

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook


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