Can High Foundation Repair Costs Prevent You from Selling Your Home?
Foundation Repair Costs – A Home Buyer’s Biggest Fear?
One of the few things that can disrupt the sale of a home is foundation issues. The thing with foundation issues is that it can hardly get noticed by a homeowner, unlike a leaking roof or a flooded basement. The signs of foundation issues are more easily ignored. These build up over time, like cracks in your basement or uneven floors in your house.
You may think the signs of a broken foundation are minor, but foundation repair can cost a small fortune—almost tens of thousands of dollars.
Although a home with foundation issues may still be livable, many home buyers hesitate to buy a home once they find out how much fixing a foundation can cost.
Since a home inspection happens after a home has gone under contract, many home buyers become frantic to repair the house as soon as possible and ask for a significant price reduction to pay for the repair costs. And you as the seller—who has been living in the home for years problem-free—can feel as though the buyer is trying to exploit them.
To make matters worse, mortgage lenders will not approve a home loan unless all foundation issues are fixed prior to closing. Which means you as the seller must come up with the money to make the needed repairs.
Troubles like these can lead to contract termination and many sellers have reported foundation repair costs as the leading factor that prevents them from selling their home.
Problem Signs That Lead to Expensive Foundation Repair Costs in Homes
- Cracks in the Walls, Doors, and Windows
- Concert weakness
- Bowed basement walls
- Gaps between crown molding and the ceiling
Selling Your Home To LiveHomeOffer To Avoid Foundation Repair Costs
LiveHomeOffer has been buying and selling homes since 1996. In the course of those years, we have become the leading buyer of houses across the nation. If you are interested in selling a house, please don’t hesitate to contact us!
Aside from closing deals quickly and paying cash for homes, we also specialize in purchasing houses that still need work to be done, even structural problems! If you’re worried that buyers will not be interested in your house, because it needs a lot of repair, 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 need for repairs, cleaning or repainting
- We close fast
Learn about LiveHomeOffer and see for yourself why we are America’s #1 Home Buyer!
Fill out our contact form.