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Updated 12 months ago on . Most recent reply

Melissa Wongkamalasai's profile image
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Melissa Wongkamalasai
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Melissa Wongkamalasai
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Melissa Wongkamalasai
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Real Estate Deal Analysis & Advice

Sinking foundation, deal or no deal?

Melissa Wongkamalasai
Posted

Has anyone had experience with purchasing or considered purchasing a building with a sinking foundation? Is it a no go? 

  • Melissa Wongkamalasai
    • Chicago, Illinois
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    Rys F.'s profile image
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    Rys F.
    • from Chicago, IL
    • Member since Mar 29, 2016
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    Rys F.'s profile image
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    Rys F.
    • from Chicago, IL
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    Rys F.
    • Chicago, IL
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    Rys F.
    • Chicago, IL
    Replied

    Paid $800 for a structural engineer to write up a 10 page piece of fluff telling us all the ways we could spend money to fix the sinking but settled foundation. Seller from hell wouldn't budge during negotiations so we walked away from what was "as is". Structural review is just the first cost after your offer is accepted. Stay away.

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