Would you buy this house? - Foundation Issues

[Greg P.]

Hello, there is a property I'm looking to purchase that has a foundation / slanting issue. The estimates for repair would require 20 piers, and hydraulic lifting and cost around $30k to fix.

Here are the numbers -

Purchase Price - $200k
Repair - $100k including foundation repair
Resale Price - $425k
Potential Profit - $125k minus closing fees, realtor costs, etc

Would this be a big deterrent for buyers even if we provided them lifetime warranty on the foundation? The numbers make sense but my main worry is that we can't sell the house. Anyone with advice would be greatly appreciated.

Thank you.

[John Chapman]

Greg, I can't tell where you are located but here in Texas foundation is pretty common. You have to disclose on resale but it's so common that I don't believe it hurts resale. Just as an aside, that number for repair is very high for this area. I think it probably really depends on how common foundation issues are in your area.