I recently had a contractor stop in and point out a crack in my foundation which I thought was just an exterior crack, I’ve heard you can’t sell a house if you find cracks in the foundation, is this true?
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This entry was posted on Saturday, July 23rd, 2011 at 9:21 pm and is filed under Sell My House. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
July 23rd, 2011 at 9:21 pm
I like how Paul goes through this incredibly complex and expensive procedure, and then says how "easy" it is.
If you don’t have water or dirt coming through this crack. There is probably no problem at all. Most foundations have some small cracks. You can definitely sell a house with cracks in the foundation. Nearly all houses settle some after construction. If the crack is not getting bigger, and nothing is coming in, hardly anyone will care about it at all.
July 23rd, 2011 at 9:21 pm
If it’s a foundation (not a slab), you can have it fixed. They come out and jack up your house, then lower it supporting it with wood beams. They then jackhammer out the old foundation, set the forms for the new foundation, and pour the concrete. While the concrete is wet, they install the foundation bolts and, when the concrete has set, they lower the house back down onto the new foundation and bolt it down.
It’s amazing how some things that seem unfixable are actually very easily repaired.
July 23rd, 2011 at 9:21 pm
Not aware of any law prohibiting a house sale because of a damaged slab.
There are laws which require full discloser by the seller.
It might result in an easier sale at a higher price
if you have a structural inspection before you list the house.
Depends on your real estate agent’s mode of operation – ask them…
July 23rd, 2011 at 9:21 pm
Each buyer/lender has a house inspection so it will come to light.
You can sell it but I guess you will either have to fix it or give money for them to do it.
The law requires you to list all defects
July 23rd, 2011 at 9:21 pm
Yes, but you might have trouble with buyers who are going for certain financing options, or who are picky about the potential for expensive repairs.