Of course, there are stipulations to this such as lowering your price. If you suspect or know that your home has foundation defects, here is what you need to know about selling it.
Signs of Foundation Defects
If you're not 100% sure your home has foundation issues, some common signs to look for are:
Buyers Will Consider Homes with Foundation Defects
You may think that no one will want to look at a home that has foundation issues. However, there are buyers willing to buy despite foundation defects, although you may have to lower your price. If a structural engineer confirms that issues won't worsen over time, it can help solidify the sale.
Should You Sell "As Is" to a Cash Investor?
Although it means biting the bullet, repairing foundation issues prior to selling a home prevents you from scaring away
buyers or potentially being sued if the issue is not disclosed. If you choose not to repair it, be sure to disclose this potential buyers as well.
Steps to Selling a Home with Foundation Defects on the Open Market
Although foundation issues can seem like a make-or-break issue when selling a home, that's not always the case. There are plenty of buyers out there willing to take on a home that has an imperfect foundation. It's all about getting in touch with the right experts to help you figure out the problem, accepting that you may have to lower your price, and being transparent with buyers about what you know.