Foundation problems can stop a sale before it even starts. Cracks, settling, or shifting can scare off buyers quickly.
But it doesn’t mean your house won’t sell.
Why Buyers Hesitate
Most traditional buyers rely on financing, and lenders are cautious with structural issues. This can make it difficult or impossible to obtain financing. Banks want to make sure they’re investment is protected and a cracked foundation can scare them away. Often, have foundation problems can limit you to selling to cash buyers or other investors who can afford the home without traditional financing and/or are willing to take the risk and make the repairs.
Repair vs Selling As-Is
Repairs can be expensive and unpredictable. We’ve seen foundation problems cost as little as $2,500 and as much as $300,000. It’s worth getting a quote from a reputable repair company. If you can afford to repair it, you will likely sell your home for more. However, if you’d rather sell as-is, Morgan Matney, LLC will make you a cash offer!
Selling Without Repairs
There are buyers who purchase homes with foundation problems and factor repairs into their offer. That’s what we do. We have a list of vendors that can repair foundation problems and we simply offer you the highest amount we can offer you for your property. No reason to make any repairs.
Final Thought
You don’t have to fix everything to sell. You just need the right type of buyer. Call Morgan Matney today!
