How to sell a house with foundation problems

Foundation problems can be considered one of the worst problems a homeowner can experience in their home. Foundation problems are not just dangerous but are expensive to repair. In most cases, homeowners can prefer to sell their homes with foundation problems to avoid future complications. 

How do you manage to sell a house with foundation problems? Is it even possible? This article will explain your best available options when you want to sell your house with foundation problems.

What are your options when you want to sell a house with a bad foundation?

If you’re wondering how to sell your house with foundation problems, below are your two best options:

• Fix the issue before listing

Your foundation problems may not be so large that they cannot be fixed. Hence, you must hire a structural engineer to take a look at your building and provide a total estimate. You can repair the damage if the cost is not above your capacity. You can repair your foundation, list it on the market, and sell it in the market at a good price. 

However, under no circumstances should you try to withhold vital information such as foundation damage from your buyer. If you don’t let your buyer know about the condition of your home from the onset, they’ll find out eventually during inspection and that can lead to problems between you and the buyer. 

A mortgage lender might not provide funds to fix foundation problems which means that selling your house may be impossible. You can list your home with a foundation problem, depending on how big the damage is. Seek the opinion of a real estate agent to know your chances of getting your house sold. 

Before you sell your house with foundation problems, you have to inform your buyers of any problems your house may have or better still, share the inspection report with them. 

• Sell the home as-is

The best way to sell a house with foundation problems without spending money on renovation is to sell the house as-is. Selling your house as-is means that you’ve taken your hands off every responsibility and expense on the house. It means that your buyer will take care of any problem that comes with the house. 

But you need to inform your buyer of the house’s condition. It helps the buyer know what they’re signing up for. Most people who buy houses as-is are usually cash investors. These people buy a house and spend money to renovate it and make it ready for the market. 

If the repair costs are beyond your capability, you should sell your house to a reliable cash house buyer. The only downside to this option is that you may sell your house way below the asking price. This is because the people buying your home will spend thousands of dollars to fix it; this is a fair offer if you’re experiencing severe foundation problems. 

Conclusion

If your home has foundation issues and you’re planning to sell it, you already know the best options available to you. However, selling to a cash house buyer seems like the best option. 

Are you looking to sell your house with foundation problems to a cash house buyer? You can count on us at Austin All Cash. We buy houses Austin regardless of their shape or condition. We also promise to close the sale of your house as soon as you accept our offer. Get in touch with us today if you want to sell your house without making any repairs, paying commission or realtor fees,s and avoiding all hassles that come with selling a house.