What are the risks of resale of a house that has had foundation repairs?
35,62617 answer(s)
Alyssa Patterson
About 5 years ago
Glad to find here the risks of resale of a house that has had foundation repairs that will help people before the investing in real estate.
source:
http://www.secureassignmenthelp.com/
http://www.secureassignmenthelp.com/
Like (2)
DislikeTyson Harold
About 6 years ago
i don"t know any more idea about this.
Brandon Richards
About 6 years ago
If you have a problem with selling a damaged house, you can go to www.brandonbuysdallas.com they buy houses no matter the condition. and put up a good offer to it.
Santos Garcia
About 6 years ago
the most plausible risk might be, It could lower the value of the house depending on how you repaired it, but if you want to sell your house fast, I would recommend going to investor sites like forthomebuyers.com, they buy houses and give you a decent offer for it!
Cagdas Acar
About 6 years ago
Hi Tony,
As long as the repairs has been disclosed and documentation and warranty has been provided to the buyers. I do not see any issues.
Regards,
Cagdas Acar
Msc PSA VLB Realtor
832-283-1091
acarster@gmail.com
www.har.com/cagdasacar
As long as the repairs has been disclosed and documentation and warranty has been provided to the buyers. I do not see any issues.
Regards,
Cagdas Acar
Msc PSA VLB Realtor
832-283-1091
acarster@gmail.com
www.har.com/cagdasacar
Darby Grimmett
About 11 years ago
Agree! Disclose, disclose, disclose!
I, too, would feel comfortable showing my buyer a home that had foundation repair done by a reputable company and provided a transferrable warranty. Rather have it done instead of taking care of it later!
I, too, would feel comfortable showing my buyer a home that had foundation repair done by a reputable company and provided a transferrable warranty. Rather have it done instead of taking care of it later!
Evan Compean
About 11 years ago
I actually prefer homes with foundation repairs, as opposed to those that haven't had it done yet. This is considering the comparable homes are in the same neighborhood and the work was done by a reputable company.... Consider this, if 2 homes were built by the same builders in the same neighborhood, and one foundation has failed already, the likelihood of the other failing is quite high.
Just disclose the foundation work, and transfer any warranty if there is any. It's not really a big deal as long as no problems were caused by the foundation work. It's very common in Houston.
Just disclose the foundation work, and transfer any warranty if there is any. It's not really a big deal as long as no problems were caused by the foundation work. It's very common in Houston.
Martin Alcala
About 11 years ago
Hi Tony,
I think you have already seen the common denominators in our opinions:
-Full disclosure
-Transfer-ability of warranty (if any)
Also, an assessment done by a reputable engineer would not hurt, and can be money spent in your living room and not in a court room. Get an independent analysis of your foundation without the sales pitch. Avoid inspectors that turn around and offer repairs. Be mindful of a credit from the cost of the inspection towards a repair.
I think you have already seen the common denominators in our opinions:
-Full disclosure
-Transfer-ability of warranty (if any)
Also, an assessment done by a reputable engineer would not hurt, and can be money spent in your living room and not in a court room. Get an independent analysis of your foundation without the sales pitch. Avoid inspectors that turn around and offer repairs. Be mindful of a credit from the cost of the inspection towards a repair.
Chris Schilling
About 11 years ago
There are always risks. The trick is to mitigate as much of the risk as possible on the front end. Did you use a reputable company that provides a written and transferable warranty for the work that was completed? Did they fix the foundation problem? Did they cause additional problems with the plumbing when they repaired the foundation? There will always be risks, but if you ask questions on the front end and make sure to fully disclose and document, you should be able to reduce your risk.
Michelle Williams
About 11 years ago
If there is a problem with the foundation the home will not pass inspection. This creates a problem for the buyer if they are getting a loan because a bank will not appove the loan.
Elizabeth Edds
About 11 years ago
Such a great question. With full disclosure and a transferrable warranty there should not be a problem. Collect and have all your documentation ready and lets get your house listed. We are low in inventory and need homes to sell.
Holly Montalbano
About 11 years ago
If the foundation has been repaired and there is a warranty, it shouldn't be a problem for most buyers. It's a problem if it has not been repaired. There are some areas in Houston that almost every home either has had foundation work at some point, or else needs foundation work.
Darrin Winner
About 11 years ago
Letting the consumer know of the repair and offering the transferable warranty documents should enable a sale without much concern.
HAR User
About 11 years ago
This is not uncommon in the Houston area. Disclose when it was done and who did it. If there is a transferrable warranty on the work, this is also important to mention.
Arthur Confait
About 11 years ago
a lot of foundation repair companies will give you a transferable warranty. this should not be a problem for the new owners or resale.
Veronica Mullenix
About 11 years ago
If the property has had the foundation repair, then it is not going anywhere. Should not be a problem.
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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