7 Common Foundation Problems to Look Out For
Foundation problems are most often a result of one of two things. Either the soil supporting your foundation has changed in some way or your lot’s soil properties weren’t thoroughly analyzed or understood when the foundation was originally installed. Either way, any damages or inefficiencies in your foundation can have extremely negative consequences. They can result in compounding damage that affects your home’s stability, longevity, and safety.
Therefore, it’s important to spot signs of foundation problems as soon as possible so you can respond accordingly. Here are some important things to look out for:
- Cracks in walls or flooring
- Sticking or non-latching doors or windows
- Gaps between walls, windows, or doors
- Slanting, sagging, or bouncing floors
- Bowing basement walls
- Damp basement or crawl space
- Warped siding
But if your home’s mold or water damage gets left unnoticed and untreated, it can quickly grow to be a problem past the point of simple repairs. And when these issues get extensive, they get expensive — likely being more than you’re willing to pay for. That’s when you may start to wonder when it’s time to pack up and move on.
How to Sell Your House With Foundation Issues
If you don’t have the time or money to put into a foundation repair project, you don’t have to. At Hometown Development, we’ve helped countless West Michigan homeowners sell their homes with foundation problems for a fair market price, helping them move on to something better in as little as one week.
Here’s a brief guide with some tips for selling your home with foundation issues. Hint: it’s probably much easier than you think!
Make No Repairs
The first step is the easiest and most straightforward: make no repairs to your home’s foundation. This allows you to sell faster and keep that repair money in your pocket, possibly to go towards your next home or living arrangement.
If you’re selling your home completely as-is, you won’t even need to clean up or stage your home in any way. Just pack up whatever belongings you want to travel with you on your move and leave the rest for your prospective buyers to take care of.
Disclose Foundation Issues to Interested Buyers
It’s important to disclose information about foundation damage and necessary repairs to any interested buyer. In fact, it’s illegal to withhold that information if you’re aware of the problem. It can be dangerous if a new homeowner moves in and is unaware of structural issues.
Adjust Listing Price Accordingly
Foundation problems can cost tens of thousands of dollars to repair. Your listing price should reflect that, and any prospective buyers should be aware of that.
Many homeowners hold back from selling their homes with foundation damage because they don’t want to list them for a lower price. But think about it this way: if you were to make necessary foundation repairs, you’d be spending that money lost and waiting to move on from a home you don’t want anymore. You might as well keep that cash on hand and spend it on something better.
Find an All-Cash, As-Is Buyer
The best way to sell a home with foundation issues is to find an all-cash, as-is buyer like us at Hometown Development. We buy homes in any condition, so you don’t have to worry about cleaning up or playing handyman before you move on. We’ve provided hundreds of West Michigan homeowners with fair cash offers for their damaged, problematic homes, most of the time closing on them in as little as one week.
It’s a fast, hassle-free process that offers you the best of both worlds. No repairs, no money spent — just extra cash in your pocket to spend on your next adventure.
Repair Foundation Issues, Then Sell
Repairing foundation issues is a costly and time-consuming project. But if you’ve got the cash on hand, aren’t in a rush to move out, and can’t see yourself selling without making the repairs, this is probably the option for you. You’ll be able to list your home at a higher price once the repairs are finished — but, of course, that’s after you’ve put quite a bit of money into those repairs.
Sell Your House With Foundation Issues, As-Is
If you don’t want to spend money on repairs and wait for them to be done, don’t be afraid to sell your home as-is. You can still sell your home with foundation issues, without making any repairs beforehand.
An as-is sale means that your buyer agrees to purchase your home without any repairs from you. You must disclose the foundation issues to them though, and that may result in lower offers than you’d get if your home was all fixed up. But you’re able to move out and move on more quickly, without spending money on repairs that you won’t even reap the benefits of.
Move On From Your Damaged Home. Request a Free Cash Offer Today!
We’ll take your home with foundation problems off your hands, so you can move on to something better. Contact our team so we can learn more about your property, then we’ll provide your free, no-obligation cash offer within just 24 hours — guaranteed!