Buying a home with foundation problem

[Fishndude]

Never buy a house with foundation problems!

This right here. ^^

Why go through all the above BS? Like buying a car with a bad tranny. Why??

[47]

I personally would never buy a house with foundation problems. Walk away while you still can.

Are you sure you live in Brownwood? LOL!!

Good luck finding one

[chunkinlead]

This is in the lubbock area. The sellers refused to pay for any part of the repair. They believed that any foundation guy will find some type of problem with every house. I am feeling that we’re not getting near a good enough deal for this house to have to deal with the future problems and possibility of not being able to sell it later on. If we planned on renting this house later on would that be something else to think about?


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[AlaskaFlyerFan]

This is in the lubbock area. The sellers refused to pay for any part of the repair. They believed that any foundation guy will find some type of problem with every house. I am feeling that we’re not getting near a good enough deal for this house to have to deal with the future problems and possibility of not being able to sell it later on. If we planned on renting this house later on would that be something else to think about?


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If they won't pay for the repair, then walk away.

[mikemorvan]

This is in the lubbock area. The sellers refused to pay for any part of the repair. They believed that any foundation guy will find some type of problem with every house. I am feeling that we’re not getting near a good enough deal for this house to have to deal with the future problems and possibility of not being able to sell it later on. If we planned on renting this house later on would that be something else to think about?


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If you don't feel good about it, move on. There's always another house looking for the right owner. Find yourself a good one.

[iamntxhunter]

There are some companies that guarantee their work and its transferable if you sell the house. The buyer and the seller need to come to terms of agreement and if the seller has their heels dug in I would probably pass on it. Not all foundation repair companies are the same and the saying of you get what you pay for applies.

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[schmalzy]

I had Jerico foundation double check my house in Richmond before i listed it to sell. Extremely professional, walked me through the process and wrote me a letter with a report showing that no repairs were needed and that foundation was in great shape. I called them telling them i needed a repair, so they easily could have sold me one. Highly recommend to anyone in the Richmond/Katy/Sugarland area.

[Sleepy]

Just buy it and call Jason (Antlers86)

[jrfan]

Keep in mind that 7200.00 off the price of the house does not mean 7200.00 cash in your pocket. Unless you have the cash to fix it you should try and get them to repair it. Like said above have the foundation company check the plumbing lines before and after the repair and if they have to lift the house much they should backfill the voids.

[HeyMikey]

This is in the lubbock area. The sellers refused to pay for any part of the repair. I am feeling that we’re not getting near a good enough deal for this house to have to deal with the future problems and possibility of not being able to sell it later on.

^^^ This right here. I've been there and walked away, when the seller wouldn't pony up $5K for needed foundation repairs. I'd already made him a great offer on his house, but he dug his heels in, so I told to him to shove it. All of the inspection money that I'd paid out was lost, but it was still one of the best decisions I ever made, since we then found the home that we were really looking for, all along

If they won't pay for the repair, then walk away.

YEP!!

If you don't feel good about it, move on. There's always another house looking for the right owner. Find yourself a good one.

Absolutely!

[wal1809]

I have bought a lot of houses in my life. There is one question you need to ask yourself. Why buy a problem? There are several answers from which to choose. It financially benefits you, should be the first question. Even if the seller fixes it at a $7200 loss on his part, you still have to disclose "Foundation problems fixed" when you go to sell it. Me as a buyer, unless I am putting the house in my rental pool would not even consider buying it, fixed or not. That is even a long shot. The reason being, we don't know the exact reason it failed. I know the foundation guy said poor drainage, but that doesn't mean he is 100% correct. I've dealt with enough contractors to realize 99.9 % are full of BS anyway. There are some great contractors but they are few and far between.

Free advice, so take it how you will, Walk away!

[Bigdaddy]

Let me say this I do construction forensic engineering for a living. I would bet a large amount of money 7200$ is just the start. It is a very complicated matter when you start repairing foundations. I'm in the business and I would NOT buy a house knowing it had foundation issues. I'm giving free advice to a TBH brotherern run like hell!!

[fbchunter]

Run and run fast. Not if, but when, you will have more issues. As others said why subject yourself to this if you don’t have to. Don’t let emotion take over common sense or gut feelings.

[fbchunter]

And these transferrable warranties are worth about as much as the paper they are written on from what I’ve heard.

[MacDaddy67]

Some of you guys that say never buy a house with foundation issues obviously have never lived in south Texas. EVERY home down here could be subject to foundation issues.

Mine had 52 piers put under it in 1997 at a cost of $15k to the previous owner...and I haven't seen any issues with anything since. Lifetime transferable warranty also. Most companies offer this warranty.
If the house is fixed correctly, and has a warranty I wouldn't sweat it. Just get multiple quotes and do your research.
Definitely use a well respected company to do the work.