Seeking help with a real estate issue.
I am new to this site, my husband and I reside in Florida, but we have a home in Illinois. We tried to sell our home in Illinois almost two years ago, we had two prospective buyers, then the home inspection was done. To our surprise we were told that our home had no sill plates, I believe that is the correct spelling. They have to do with the foundation. So, now we have to rent it out, because we do not have $15,000 to fix the problem. And, we are not wanting a rental, we would like to sell it and be out from under it. There is nothing else wrong with the house.
My question is, is there anyway we could sell the house with this problem, but go down under market price? I am just curious, and would like any feedback from people out here.
Thank You :roll:
Most Popular Reply
#3 Off Topic Contributor
- Attorney
- Raleigh, NC
You do not have to get sill plates put on.
If you don't have sill plates you will still have bottom plates on there. A sill plate is a wolmanized (green, pressure treated) board that goes directly on the foundation wall and you typically put your spruce/pine/fir framing on top of that wolmanized board. The idea is that your contact with the foundation is on treated wood. Wolmanized wood is only about 60 years old so there's many houses out there without a "sill plate".
It's not ideal, but I have seen $800,000.00 houses in Chicago with no sill plates and they were not "repaired" before being sold.
It's really not great but it's not as big a deal as you've been led to believe.