Is It Hard To Sell A House With Foundation Problems?

Colby Hager on July 28, 2023

Is It Hard To Sell A House With Foundation Problems?

Selling a house that needs foundation repair or has foundation problems can be a challenging but common problem in San Antonio. Houses that have foundation problems often exhibit signs in other areas of the house.

Issues like sheetrock damage windows that won’t open or close properly doors that are stuck cracked or broken tiles on the floor or shower walls can all be issues that stem from a foundation problem. Another telltale sign of foundation issues in a house is a floor that feels sloped or slanted. When foundation issues are present, selling a house can be made can be more difficult.

Should You Repair the Foundation Before Selling?

When you want to sell a house that has foundation problems, you must first decide if you were going to fix the foundation or if you were going to sell the house as-is without repairing the foundation.

Finding the Right Foundation Repair Contractor

When considering fixing the foundation, finding a reputable contractor who specializes in foundation repairs is key. Look for a contractor with great Google reviews and a positive Better Business Bureau profile. Reputable foundation companies often offer lifetime transferable warranties, provide a structural engineer’s letter upon completion, and shouldn’t require more than a 50% deposit to begin the foundation repairs.

Cost of Foundation Repairs in San Antonio

Foundation repairs in San Antonio can vary in cost depending on the type of foundation you have. Slab foundation repair is typically more expensive because it involves concrete breakouts, floor removal, and possibly tunneling under the house. These repairs can range anywhere from $3,000-$25,000 depending on your specific situation. Pier and beam foundation repairs are usually less expensive because they don’t require concrete breakouts and the access underneath the house is typically easier.

Additional Repairs After Fixing the Foundation

Another crucial consideration is addressing the damage the foundation problem has caused. Sheetrock repairs, window repairs, door repairs, tile repairs – all of these will be required after the foundation is repaired. So, you must budget for more than just the cost of the foundation repair. Keep in mind that these cosmetic issues can deter many buyers, so be sure to budget for all the necessary repairs.

Potential Extra Costs After Foundation Repair

Sheetrock repairs: Foundation issues often cause wall damage that needs repair.
Window repairs: Windows may become stuck or misaligned due to foundation shifting.
Door repairs: Similar to windows, doors may not fit their frames after foundation shifts.
Tile repairs: Cracked or broken tiles are common signs of foundation problems and may need to be replaced.

Selling a House with Foundation Problems As-Is

You don’t have to take on the foundation repairs if it’s not something you’re comfortable doing. You can sell the house as-is to someone willing to buy a house in need of foundation repairs. Many cash buyers and real estate investors in San Antonio, like local companies who buy houses for cash, don’t require you to make any repairs. This is a viable option if the thought of foundation repairs seems overwhelming or requires more resources than you have available.

Can You Sell a House with a Bad Foundation?

Yes, as mentioned earlier, you can indeed sell a house that needs foundation repairs. However, it’s worth noting that such a sale typically involves selling to a local real estate investor.

Why Real Estate Investors are Key Buyers

These investors are well-versed and comfortable with purchasing properties that have structural issues like foundation repairs. The key reason why most homebuyers planning to live in the house are unwilling to buy a property with foundation issues is simple – banks are often hesitant to lend for such properties.

Benefits of Selling to Real Estate Investors

Experience: Investors are well-versed in dealing with structural issues like foundation repairs.
No loan complications: Investors buy in cash, circumventing potential loan refusal by banks due to foundation problems.
No extra inspections: Investors often don’t require additional inspections, saving time and money.
No failed sales: With an investor, you’re less likely to see a sale fall through due to foundation issues.

The Pitfalls of Traditional Home Sales with Foundation Issues

At first, a new home buyer may not realize the presence of foundation problems and might begin the purchasing process. However, during inspection and appraisal, foundation repairs will inevitably surface, causing the bank to decline to lend for the sale.

Preventing Failed Escrows and Contract Issues

Selling a house with foundation problems often leads to failed escrows and properties falling out of contract. Selling to a local person who buys houses in San Antonio can avoid this. Such direct dealings streamline the process, ensuring that your sale doesn’t fall through due to underlying foundation issues.

Are Foundation Issues A Deal-Breaker?

Selling a house that has a bad foundation isn’t always a dealbreaker. The times when selling a house with a bad foundation is a dealbreaker is when the bank declines to land on the sale or a foundation repair that was unexpected is discovered. When dealing with a cash home buyer in San Antonio oftentimes the buyer doesn’t require additional inspections and is aware of the foundation issues from the very beginning and will not let us sell fall through simply because of a foundation issue.

Making the Decision: Selling a House with Foundation Problems in 2023

Navigating the sale of a house with foundation issues can feel daunting. You have options – repair the foundation and sell traditionally, or sell as-is to a savvy real estate investor. It’s crucial to understand the implications of foundation repairs to prevent any unfavorable surprises. Opting for a real estate investor like Capstone Homebuyers offers a stress-free solution. With us, you bypass the hassle of cosmetic and foundation repairs, and even property cleaning. Remember, every scenario is unique – the best choice hinges on your individual circumstances. Not sure which path to tread? Reach out to us at Capstone Homebuyers. We’ll walk you through your options in detail, in person, and provide a dependable cash offer you can count on.

Should I Fix My Foundation Before I Sell My House

Colby Hager on April 15, 2022

Are you looking to sell your home but have foundation problems? Fixing your foundation may be the best way to increase its value. The cost of repairing a foundation can range from $1500 all the way up to over $20,000, but can oftentimes close the gap on the selling price for homes that are priced below market value.

If you’re thinking about selling your home, it’s worth weighing the pros and cons before listing it on the market. Selling a house that has foundation problems to a typical homeowner can be challenging. Find out if repairing the foundation of your home prior to selling is right for you.

Is It Worth Fixing The Foundation Of A House?

Selling a house that has foundation problems is not an easy task. The majority of homeowners will look at your home and disregard it quickly due to its issues. If you’re thinking about selling a house with broken walls, cracked flooring, or a sloped foundation, you might have some trouble. The difficulty is getting buyers to accept a home with a major flaw. People who are looking to move into a home want the home to be ready to actually move in.

Houses with foundation issues can scare first-time homebuyers. They can also scare lenders. Many times, homes with obvious foundation issues do not get approved for home loans.

Fixing the foundation prior to selling is a really good idea when you think about how the buyer will view the home if you don’t fix the issues. However, there are other factors that you have to consider as the owner of a home with foundation issues.

Are There Risks To Fixing My Foundation Before Selling?

There can be risks to fixing your foundation before you sell. Often, repairing a foundation has hidden costs and pitfalls that most homeowners aren’t aware of. Take these into consideration when deciding whether or not to repair your foundation:

You have to make sure you work with a reputable, licensed, and bonded foundation repair company. There are some great contractors out there but there are some bad ones as well. It’s not always wise to use the cheapest repairman.
Foundation repairs can be expensive. You have to budget for the foundation repairs. Make sure you don’t start something you will have difficulty finishing.
Repairing the foundation can sometimes cause additional problems in the home. Issues like additional sheetrock cracks, broken plumbing pipes, and stuck doors and windows are actually quite common. Factor these items in when budgeting for your repairs.
Make sure you plan on fixing all signs of previous foundation problems. If the house still appears to have foundation issues, it will still scare prospective buyers.

Can I Sell My House If The Foundation Has Been Repaired?

Yes, you can sell a house with repaired foundation problems. However, it’s important to make sure everything is done right and that the buyer knows about all of the repairs and issues involved in purchasing your home. Most buyers want a foundation warranty to be transferred to them upon the purchase of the property. Other buyers may want documentation from a structural engineer. Make sure you have all of the proper paperwork and documentation available upon request for the buyer.

Do You Have To Disclose Foundation Repairs?

Disclosing foundation repairs is important as is the need to disclose all of the issues in your home when selling. You never know what people will find out about the property if they pay for an inspection. Being upfront with buyers will save you from future liability headaches down the road.

Previous foundation repairs can be spotted by trained home inspectors. Trying to hide the fact that repairs have been done usually doesn’t work and can make it look like there is something more to hide. This will hurt more than help. It’s always best to disclosure what you know about the property you are selling.

You Can Sell Your House With Foundation Problems As-Is

You want to sell your house but you have foundation problems that need to be dealt with. You have thought about making repairs but aren’t sure about what the final cost will really be when everything is said and done.

Will it be worth it? Can you get your money back from all the repairs? How long will the process take?

Capstone Homebuyers is here to help. We buy houses with foundation problems across San Antonio for cash so you can move on with your life quickly and easily! We give you a fair, all-cash offer for your house in its as-is condition. No repairs, no fees, no commissions. Our offers don’t change. Can we help you? Give us a call today to see what we can do for you.