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Updated 11 months ago on . Most recent reply

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Mengrou Cao
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house at great location and price, inspector found foundation issue. deal breaker?

Mengrou Cao
Posted

Hi everyone, i found a deal in Houston suburbs. The price, location and neighborhood are all great! I went under contract and my inpsector came back and told me the house has foundation issue. floor sloped and outside brick wall had crack but being patched. Is this a deal breaker? Some friend has been telling me foundation issue is common in Houston area because it is building on active soil, and the extreme weather might cause foundation issues here and there. I don't know if i should proceed with it or not. Please advise. 

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Jay Hinrichs
Professional Services
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  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
Professional Services
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Russell Brazil:

Every problem can be assigned a dollar value. Assign a value to the cost to fix the issue, and negotiate. 


Texas  Mississippi are notorious for expansive clay soils.. its more than just Mortar if the foundation is off.. if its a slab they have to cut holes in it and put in piers and jack it back up to level. Its a real issue in those markets.. and VERY common.. so just see what it is exactly.. slab has moved or just brick on exterior.. price to fix can be 5k to 15k plus depending on how many piers they have to put in and then the corrective work to the insides.
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JLH Capital Partners

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