Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

26
Posts
5
Votes
Jordan Sitzler
  • Auburn, WA
5
Votes |
26
Posts

My rental needs some foundation repair, trying to sell

Jordan Sitzler
  • Auburn, WA
Posted

I'm posting in the buying and selling section because my rental is on the market to sell.  Inspector came back and said that my house needs some attention underneath and that it needs to be done before selling.  I had a pending offer but the buyer walked away after getting this info.  

I had one company come out and take a look as the buyers agent had scheduled a quote with them before walking away.  They quoted me a rather large sum of money and I feel it may be a little too thorough or more than what is needed.  It's a 100+ year old home and has a drop of nearly 6 inches on one corner, 3 inches on another, and 4 on a 3rd.  There is no way to know if it has stopped settling as I have only owned it since January this year.

So my questions: do I need to do major repairs prior to selling the home such as lifting the post and beam foundation, or can I just shore up the posts underneath? Can I just discount the house to the sum of needed repairs and still have a buyer get FHA or VA with that kind of drop? And finally, any contractors and foundation people you know around Tacoma, WA would be greatly appreciated. Feel free to PM as well.

Thanks!

Most Popular Reply

User Stats

10
Posts
4
Votes
Replied

Hey Jordan - I heard Matvey foundation repair does good work, it wasnt my property so take that as anecdotal. Just curious, did you waive inspection on the house when you bought it or was it missed by the inspector?

Loading replies...