Foundation Repair Costs – A Home Buyer’s Biggest Fear?
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.
And while the symptoms of a broken foundation may seem relatively minor, foundation repair can costs tens of thousands of dollars.
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 no 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 a contract termination and many sellers have reported foundation repair costs as the number one factor that prevents them from selling their home.
Problem Signs That Lead to High Foundation Repair Costs in Area Homes
- Cracks in the Walls, Doors, and Windows
- Concrete weakness
- Bowed basement walls
- Gaps between crown molding and the ceiling
- Selling Your Home To We Buy Ugly Houses To Avoid Foundation Repair Costs
We Buy Ugly Houses has been in the business of buying and selling houses since 1996.
Over that time, we have become the No. 1 buyer of houses across the country. 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 and 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.
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!
Fill out the form or call us now at 866-200-6475.