Originally Posted By: Bill Cody
I would negotiate a lower property cost due to the lake being more of a liability than an asset due to its current aged and filled in shallow condition which will be costly to deal with, maintain and get FIXED. In its current condition it could be a money pit.

Buying a money pit is one of my main concerns. I understand the maintenance of a pond this size will be expensive but Im not sure im prepared to handle the repair bill. As the negotiation stands the pond accounts for a significant portion of the overall cost of the property.

Is there any reliable / easy way to determine exactly how much muck is on the bottom that would need addressed? Or should I jsut survey the depth to find out how much of the depth is under say 7 ft?