Fixing a home’s foundation often costs thousands or even tens of thousands of dollars. It will also impact those who say, “I want to sell my house fast in Detroit!”
A foundation stuck in a state of disrepair will typically scare away potential buyers. However, you should know that selling a home with foundation issues is possible, even if you don’t want to spend a small fortune fixing it.
So, how can you get it done? Continue reading to learn about your options.
Selling a House With Foundation Issues the Traditional Way
Selling a house with foundation issues the traditional way — listing it for sale through a real estate agent and waiting for buyers to express interest and send offers — is a tall task, but you’re welcome to try it if you’re willing to be patient. Just be aware of the disclosure requirements that will mandate you to inform buyers of these problems.
You should also know that some lenders will not approve buyers for mortgage loans after seeing foundation issues on home inspection reports. They may request that buyers conduct structural integrity assessments to determine the extent of these problems and turn down their loan requests based on the results.
Fixing a Home’s Issues Before Trying To Sell It
After seeing the property value impact that structural issues will no doubt have on your home, you might think twice about selling it with these problems still present. Some homeowners fix faulty foundations before selling their houses to ensure their home sale doesn’t hit any unexpected snags or result in nothing but lowball offers from buyers.
In this case, you may repair these issues before attempting to sell your home. While this approach may subject you to steep foundation repair costs, you will have a more seamless experience when selling your house.
Searching for the Right Cash Home Buyer To Purchase a House
If you want to avoid selling a house with foundation issues in the traditional way, many cash buyer options exist in Detroit. Most understand the different foundation types and know what it takes to fix them, making these cash buyers open to helping those interested in selling their homes fast despite their issues.
Wise Property Buyers is an excellent example of a cash home buyer who will quickly take a home with foundation problems off your hands and pay top dollar for it.
Let Wise Property Buyers Make an Offer for Your Home
Many homeowners have found selling a house with foundation issues challenging in the past. Wise Property Buyers seeks to make it easy for homeowners to unload properties with existing problems.
We simplify the house-selling process by purchasing homes in any condition, as-is. Just provide us with basic details about your home, and we will send you a fair cash offer almost immediately.
Get a cash offer for your home today, or contact us at (313) 513-8824 with any questions about selling your house to Wise Property Buyers.