If you know that your property needs extensive repairs, buyers who are looking for an investment property may see this as an opportunity to provide value. Many other buyers, on the other hand, will see the words “foundation repairs” and automatically think “money pit.”.
If a buyer isn’t afraid of renovations, that doesn’t mean that their lender is okay with it. With many stricter traditional lenders, like VA and HUD, their programs require that the home is structurally sound. Many buyers will be denied financing from lenders, or be subject to higher interest rates or unfavorable loan parameters, which will likely steer them away from your home and in another direction. So, if you decide to sell the home as it is, understand that many typical or traditional buyers will not have an easy time qualifying to buy it.
Trying to sell a home with its foundation issues
Need to sell a house with bad foundation that is falling apart? Selling a house as is in Los Angeles?
We buy houses, condos, townhouses, multi-family and commercial properties in Southern California and nationwide USA in any situation or condition.
If your house is old or has foundation issues it is often best to sell it in “as is” condition so you won’t need to make repairs and will not be held responsible for any deficiencies in the home after you sell it.
When looking to sell a house in poor condition in Los Angeles, you will generally need to find a cash buyer.
Most buyers use bank financing when purchasing a home. A house in as is condition is going to struggle to get through all the inspection reports and requirements the banks require when they lend money on a property.
How to Sell House With Bad Foundation California
We can pay cash for your house in pretty much any condition! It might be fire damaged, have termite damage or active termites, foundation issues, be full of junk, have black mold, have water damage, been sitting vacant, leaking roof, no roof, you name the situation and I bet you we have seen it. Worst case scenario, if the house needs to torn down there is still value in the land!
You can leave your furniture and unwanted belongings behind when you sell your house as is. We know it can be hard to get a house totally clean, particularly if someone has lived there for awhile. The benefit of selling a house as is, is that you can take what you want and leave the rest of your stuff behind. No need to clean up the house or make any repairs!