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Updated about 6 years ago on . Most recent reply

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26
Posts
5
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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

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10
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4
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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?

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