What You Need to Know About Foundational Issues and Selling Your Home

The foundation is an often forgotten part of a home until you began having issues. Then, it takes front and center as you spend thousands of dollars in repairs. Foundational issues can make it difficult to sell your home and lower the value dramatically unless they are taken care of.

Signs of Foundation Problems

Because the foundation is an unseen part of a house, you most likely won’t know you have problems until you see signs. Here are some things that can happen in your home that mean you have issues with your foundation.

·         Doors and windows that don’t open or close easily or get stuck

·         Cracks in the wall, floor or along the foundation

·         Gaps around window frames and doors

·         Floor that sags in areas

·         Chimney that tilts

These problems are often caused by a foundation that shifts over time. The ground beneath it adjusts and either rises or lowers, causing the concrete to shift. With enough shifting, it results in damage to the foundation and ultimately the house.

Can It Be Fixed?

If you’ve been told you have foundation problems, you may wonder if it can be fixed so you can put the house on the market. The short answer is “yes.” Foundational repairs can be made, but you must consider the cost. Some issues are inexpensive and worth repairing to sell your home. Others are more costly and you may not be able to afford the expense.

Fixing small cracks can cost a few hundred dollars up to a few thousand. To lift a sinking foundation will cost a few thousand dollars, depending on how much support is needed and the type of foundation.

Major repairs or a new foundation can cost $30,000 or $40,000 or even more, depending on size and type of foundation. In this case, you will likely be unable to find a traditional buyer willing to take on that task.

Foundational issues will be found in inspection reports even if they aren’t visible to the naked eye. Many buyers hear of this issue and are afraid to get involved because of the cost. Your best bet if you have moderate to major foundational issues in your home is to find a cash buyer who is willing to purchase your property as-is. You won’t have to worry about spending the money for foundation repairs or being stuck with a home you can’t sell.

Quick Home Offers specializes in buying homes that have issues. We take these properties off your hands, so you don’t have to spend a lot of time and money fixing problems. Contact us today to find out how we can make it easy to sell your home.