Age of home? What type of plumbing? If it's older home with cast iron most likely will have leaks after foundation work is done. Most of my flip houses need foundation work. Not a big deal to me anymore but if I was advising you as your realtor I would have seller fix foundation and give you a passing hydrostatic test.
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Never buy a house with foundation problems!
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It is an old home. Built in 1960. The foundation guy said that the problems could have been prevented by proper drainage which leads me to believe it can be stopped and prevented from further problems. Is this possible?
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You have cast iron plumbing if it is 1960. Buyer beware. I spent 3000 on foundation repair last month and 7800 on plumbing repairs.Comment
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Lol at never buy houses with Foundation Problems.... Way to throw out a wet blanket.Comment
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When you say "foundation guy" are you talking about an engineer or a salesman from a foundation company. You should have an engineer look at it.
Asking a foundation company if you need foundation work is like asking a car salesman if you need a new car.Comment
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Yep. Find an independent structural engineer that specializes in residential foundations. By independent, I mean one that is not a contractor, or is not associated with any contractors. Especially foundation repair contractors.Originally posted by ken View Post
The car statement is exactly right.Comment
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Originally posted by Bigdaddy View Post
How about this.
Once you have been informed of foundation issues it has to be disclosed. So if he buyers gives the report to the selling agent and the seller knows he will have to disclose to all future buyers.
If the lender gets the report it could become a condition prior to closing.Comment
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You can't hardly buy an older home in the metroplex that hasn't had foundation repairs. Dont let others scare you. Foundations repaired correctly last a life time. It's not some mysterious magical voodoo...it's physics.
A reputable company will have plumber check lines before and after. Just beware that the plumbing can be very expensive if it's broken. Even if seller gives repair allowance to repair the slab the plumbing could break and you are responsible at that point.
Also...if you buy the house and opt to not repair it you will likely be on the hook for repairs when you sell it. Just like you, buyers will want it repaired or walk.
That said, you can always try to find one that has already been repaired or had no problems (that's not likely if same area and same age).
Sent from my SM-G920P using TapatalkLast edited by bakin7005; 06-05-2018, 03:32 PM.Comment
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Can those of you saying "don't buy a house with foundation problems" give an explanation of why not buy?Comment
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Not true. A reputable company will not recommend piers if they are not necessary. I called a company because it was obvious the house was moving. They came out and confirmed it was shifting but said it wasn't bad enough to pier. They told me to add gutters, put soaker houses around the house and replace the eroded soil. Didn't charge me a dime and he was there for over an hour taking measurements.Originally posted by ken View Post
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What part of the world is this? Some areas have a history of foundation problems because of the type of soil they build them on.Comment
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I'm not scared of them but if they are not repaired correctly it can be a nightmare.....and you have to pay a premium for quality.Originally posted by Charles View Post
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Here in Corpus Christi, every home has some foundation problems. It’s because of the clay soil. If you don’t have any now you will have during the life time of your house.
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