Trying to sell a house with foundation issues
Hello! We have a house, that is NOT our primary residence, that we are trying to sell. But the house has foundation issues and we want to to use the funds from the sale of the property to start investing well we currently live. We considered financing from the property like a HELOC but it is not our primary residence. Any suggestions or feedback would be greatly appreciated!
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Bruce Woodruff
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Bruce Woodruff
#3 All Forums Contributor
Pro Member
#3 All Forums Contributor
- Contractor/Investor/Consultant
- San Diego / Phoenix
Foundations really scare away most buyers, You will have to discount heavily. I would get it repaired BY A LICENSED CONTRACTOR and have them include an Engineer's report as part of the deal. Then you have something to show buyers and you can ask full value for the house....