Skip to main content

"Home has possible foundation issues"

We are looking at properties right now, and found one that we love the layout of but the listing states that it has "possible foundation issues" which, imo, would not be in the listing if there was not a guarantee of foundation issues.

The house has sat on the market for 4 months. A Google search tells me that fixing foundation issues costs an average of about 2k-7k, which seems suspiciously cheap. Especially considering that this is one of the big red flags I've always heard about, even when buying a fixer upper I've always heard to make sure the foundation is good... but if it truly costs less than 10k to fix, why would it be an issue?

Can someone ELI5 what would make this an easy fix vs a very costly money pit? We are leaning towards avoiding this property all together, but if we have enough room in the budget to get a Licensed professional out there to fix it, we don't want to miss what could be a good opportunity.

submitted by /u/LotusLizz
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/wcny9p/home_has_possible_foundation_issues/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

warning about Biggins and Scott Brunswick

his is a general warning for people who use this agency to rent a property. I am going to share a disgusting experience that I had with the above agency. I was new to the rental experience after a marriage breakdown so I answered a add on Real Estate .com and met a guy in Maribyrnong to look over a apartment . He suggested he was not only going to be my roommate, but he also worked at the company in Brunswick. All looked good and myself and a lovely lady moved in to the apartment in late March. Everything was going well ,we were paying our rent and things were moving forward with 3 people coming from different age groups and different upbringings. Then on the 25th of June out of nowhere 3 Breach Notices appeared on my email from my roommate but on Biggins and Scotts letterhead. I was completely surprised and after trying to reason with the sender of these documents, I then decided I had to call his boss the Director of Biggin and Scott in Brunswick. David told me that he was ...
Post a Comment
Read more