If you are interested in buying a home with foundation issues, here are some steps you can follow:
Hire a professional inspector to thoroughly inspect the property, paying close attention to the foundation and any associated structural issues.
Obtain a written estimate from a licensed contractor to determine the cost of repairing the foundation.
Negotiate with the seller to either have the foundation repaired before closing or to have the purchase price adjusted to reflect the cost of the repairs.
Consider obtaining a home warranty to protect against any future issues with the foundation.
Seek the advice of a real estate attorney to review any disclosures and ensure your rights are protected in the transaction.
Remember, buying a home with foundation issues can be a significant financial risk, so it’s important to do your due diligence and thoroughly research the property and the associated costs before making a purchase. Include Footing Lifters in your buying process from the beginning. We work with a multitude of realtors and are often the first they call.