Sell us your houses with foundation issues

How to sell a house with foundation problems

While selling a house with foundation issues can scare a lot of buyers away, it is still possible to sell the property. The key to selling a house with a foundation problem is to sell to a property investor or a builder who is used to fixing foundation issues. To these types of house buyers the foundation issue is just an expense they need to account for. For a homeowner a foundation issue is generally much scarier as they don’t know what the cost is to repair the foundation and think that the property may not be the same.

Should I fix the foundation issue before I sell my house?

If you are able to, you are best to get a foundation company to fix the foundation before you sell your house. This will ensure your house passes inspections when it goes under contract and will not give buyers a reason to be scared. Just note that when you fix the foundation you can sometimes cause issues in the house where the floor or doorways crack. This is pretty normal and you just need to make sure you have a budget to make those minor repairs after the foundation is fixed (don’t rehab the property before you fix the foundation as you may damage the work you have done).  Fixing the foundation will help you get top dollar for your house. But some people just don’t have the time, money or inclination to fix the foundation. If that is you you can still sell your house in As Is condition to a cash house buyer. It is really just a trade off as to whether getting top dollar is worth the investment in time, money and energy to fix the issue. This is a personal decision and there is no right or wrong answer.

Will a bank finance a house with a bad foundation? 

It depends on the lender and how bad the foundation is but lots of lenders won’t lend on houses with foundation problems. This is why selling a house with a bad foundation can be hard. The buyer pool shrinks dramatically as less banks will finance the transaction and even if they do, a lot of sellers will be scared off by foundation problems. If you are selling a house with a bad foundation and don’t want to repair the foundation you are probably best to sell the house to a property investor that fixes houses (and foundations) for a living.

Who buys houses with foundation problems?

Cash house buyers, flippers and investors are buyers for houses with foundation issues. At Home Buyer Louisiana we aren’t scared off by a house that needs repairs including foundation issues. We buy houses that have cracked foundations, we buy houses that have settled badly, we buy houses with termite damages sills and joists. We aren’t scared off by foundation issues so if you want to sell a house with foundation problems reach out to us. We are happy to discuss your property and situation and discuss the options you have to sell your house.