Foundation Repair Costs – A Home Buyer’s Biggest Fear?
Sell your house fast for cash.
Few things can derail the sale of a home like the discovery of foundation issues during an inspection. Making matters worse is the fact that a broken foundation can often go unnoticed by a homeowner. Unlike a flooded basement or a leaking roof, the signs that your home may require foundation repairs can be easily ignored. Foundation issues build up over time, and when you finally notice the cracks in your basement or the uneven floors in your house, it may already be too late. This might have you thinking, “who will buy my house fast for cash before this gets worse?”
And while the symptoms of foundation problems may seem relatively minor, foundation repair can cost upwards of tens of thousands of dollars. Foundation repairs can also cause issues with plumbing and the roof if the foundation adjustment is large enough.
Even though a home with foundation issues may still be livable, many home buyers are terrified of the prospect of taking on a home once they learn how much fixing a foundation can cost.
Since a home inspection happens after a house has gone under contract, many buyers become desperate to have the repairs taken care of ASAP or ask for a significant price reduction to cover repair costs. And sellers – who have been living in the home for years with few problems – can feel as though the buyer is trying to take advantage of them.
The situation is made worse by the fact that many mortgage lenders will not approve a home loan unless all foundation issues are fixed prior to closing. This means the seller must come out of pocket if they want to keep the deal alive and many do not have thousands of dollars on hand to make the needed repairs.
These disagreements can lead to contract termination during the due diligence period. Many sellers have reported foundation repair costs as the number one factor that prevents them from selling their homes. It’s even possible that the foundation problems got so bad, you said “I want an investor to buy my house, and be done with it.”
Problem Signs That Lead to High Foundation Repair Costs in Area Homes
- Cracks in the Walls, Doors, and Windows
- Doors that stick when shut
- Waves or slant in the flooring
- Concrete weakness or cracks
- Bowed basement walls
- Gaps between crown molding and the ceiling
We Buy Ugly Houses has been a preeminent homebuyer since 1996.
Over that time, we have become the No. 1 buyer of houses across the country because we are fast home buyers. If you are interested in selling a house in please don’t hesitate to contact us today!
Not only do our home buyers close quickly and pay cash for homes, we specialize in buying houses that need work. We won’t shy away from a home with structural problems. If you’re concerned that buyers won’t be interested in your house because it needs work, give us a call to see if we can help. We buy houses in any condition.
When we buy a house:
- We pay cash
- We pay most, if not all standard closing costs
- We buy “as-is” — no repairs, cleaning or repainting required from the seller
- We close fast
Learn about We Buy Ugly Houses® and see for yourself why we are America’s #1 Home Buyer!
Stop worrying about “who is going to buy my house fast for cash” and see if we can help by filling out the form or call us now at 866-200-6475.