Can You Sell a House with Foundation Issues?
Introduction: Selling a house with foundation issues is a common concern for San Antonio homeowners, given the area’s rich clay soils and frequent dry spells. Foundation problems might seem like a dealbreaker, but you can still attract serious buyers with the right approach. This guide will help you navigate the process, whether you’re preparing to sell or addressing concerns as a homeowner.
Real-Life San Antonio Examples:
Key Tips for Selling a Home with Foundation Issues:
- Engineer Report First:
Hire a licensed engineer before you list the property. An unbiased engineer can assess the foundation, provide repair estimates, and help set realistic price expectations. - Repair or Disclose:
If foundation issues are minor, consider fixing visible damage like settling cracks. Always disclose any repairs or foundation issues to potential buyers. - Get Multiple Estimates:
Having at least three foundation repair estimates helps you establish a clear cost for the buyer. It also strengthens your negotiating position by showing you’re well-prepared. - Price Strategically:
You can’t price a home with major foundation issues at its full after-repair value. Use the engineer’s report and estimates to price your home fairly, accounting for the needed repairs. - Foundation and Appraisals:
If foundation problems are evident, appraisers will likely call for an engineer’s report. Without this report, buyers may struggle to secure financing. Address the issues early to avoid setbacks.
Conclusion: Foundation issues don’t have to prevent you from selling your home, but they do require careful planning. By getting an engineer’s report, gathering estimates, and being transparent with buyers, you can protect your home’s value and find the right buyer—even with foundation concerns.
For more guidance, download my list of recommended engineers or contact me at 210-260-6617.