Only few people who are trained as home inspectors can inspect and determine how to sell a house with foundation problems due to their rich background in house issues right from roof to the foundation.
🏘️Foundation Problems | Concerns | Q&A
As per foundations problems, home inspectors could see cracks on the dry wall of building, racked windows, tipping chimneys, sloping floors or other signs of foundation issue. In this case, what do you do?
This depends on you. Many states require you as a seller to reveal every negative information relating to the house you want to sell. It will probably seem to you that the easiest way to lose out is to reveal a foundation problem as many buyers find this issue a major one. Even if you have resided there for years and have never still experienced a problem there, it remains a bad news for the potential buyers.
As you know the problem confronting the house in terms of its magnitude and repairs, you need the power of persuasion to convince the buyer that with proper repairs, they have no regrets because the house will serve them very well. Otherwise, you either accept a low price for its sale or find a way of fixing the problem.
🏗️ Repairing the Foundation Problems
In most cases, you spend less on foundation repairs than to accept a low offer for the sale of the house. Another option is to prepare a repair quotation which you negotiate with the prospective buyer. If this works out and the buyer insist in getting the foundation repaired, they will pay the long price while from the amount of money the buyer pays, escrow the amount of repairs till the repair work is accomplished. Of course, there are still a lot of other available options to consider.
A great way of ensuring that the sale of a house is unaffected by foundation problems is to have the foundation inspected before listing the property. Many sellers are always reluctant to contribute additional money for innovating the property they are selling. However, a prelisting inspector will save both time and energy for the seller when a buyer makes an offer. Engaging in maintenance before listing the house is a way of spending money wisely as it will cause price reduction. A well maintained house, presented for sale in good condition has a high marketability than the one with foundation problems.
❓ Foundations Questions and What to Look For [📹 Video 📹]
👨💼 👩💼RL Real Estate Group – 605-212-8431
The real estate market today is very interesting and challenging. As a seller, you can realize your goals by gaining more knowledge, coupled with an experienced estate agent and determination. Good luck and be smart! Call RL Real Estate Group at 605-212-8431 or check out their website at RLRealEstateGroup.com