Selling Your House with Foundation Issues
Foundation is arguably the most critical part of a house. It supports and stabilizes the entire structure. If a house has foundation problems most housing authorities require immediate repair or condemn the structure for being unfit to live in. If you’re looking to sell your home with foundation issues, you are legally obligated to disclose the issues to any potential buyers. This often makes it difficult to sell.
Knowing what type of material your foundation is made of is key to monitoring the health of your foundation. Homes built in the early 1900’s are prone to foundation composition that was done incorrectly and has begun to deteriorate, while current standards are concrete and cement blocks that can better resist pressure. Often times, foundation problems are due to settling and shifts in the soil underneath your house. Small cracks are expected, but the trick is determining what is expected and what are serious foundation problems.
Unsure if your home has a foundation issue? Here are some common signs that there could be an underlying problem.
- Small cracks in basement floors or foundation walls
- Doors or windows improperly closing
- Sloping floors
- Cracks or gaps in the drywall
- Water seeping into a basement or crawl space
- Stair step cracks
These signs may seem minor, but they can cost tens of thousands of dollars to repair and the longer you wait to repair them the costlier they become. Do you think your house has foundation issues? Here are your options.
Fix the foundation and sell the home
Sellers report that foundation repair costs are the number one factor that prevents them from selling their house because most home buyers won’t purchase a home once they learn that there is a structural or foundation issue. Often lenders will not allow a house to be financed when major repairs, such as a foundation repair, need to be done.
Sell As-Is
Foundation repairs are not a quick fix-up to sell your house. They require a significant amount of time and money and that isn’t always realistic for someone who needs to sell their house fast. Urban Dwell Homes buys houses for cash, as-is. Our goal is to make your life easier and help you get out from under this property that is causing you stress while making you a fair, cash offer. If you want to avoid all the time and delays associated with putting a house on the market, we can help by buying hassle-free and without the headaches of appraisals. We can also help you avoid dealing with loans and the typical homeowner requests for repairs. With Urban Dwell Homes you won’t pay any realtor commissions, closing fees, or costly repairs. You can close fast and get your cash in as little as 7 days, or we can take our time and close when it is convenient for you. To get started, give us a call at 615-270-1709 or fill out our form for a free no obligation cash quote today!