I'm looking at a property that had work done on the foundation in 2015. I plan to flip this property, the foundation warranty will transfer to me but not to the next owner. My question is without that warranty will that scare all the potential buyers off? And would it be worth contacting the company that did they work and try to get them to transfer the warranty to the new owners?
Hello Jonathan. I worked in foundation repair for years, and I look at properties at open houses almost every weekend(mostly to drum up business for my concrete company) In my area, depending on what was done, I find that a lot of times without a warranty, this can scare off a lot off potential homebuyers. When they see the fix, they automatically know that there has been foundation issues in the past. When there is a warranty attached to it, it isn't normally as big of deal. I would always encourage someone to see if the company will transfer the warranty to the new owners, especially if the fix is visible on a walkthrough. Hope this helps
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