It’s time to part ways with your home. Unfortunately, you discovered a few days ago that the foundations are cracked in places. How to do it? Is it better to sell without mentioning it or to undertake the repair work before the sale? Discover the different possibilities available to you.
Making the decision to sell your home with foundation problems
Be honest with the future buyer
When you sell your home, it may be recommended to explain to the future buyer that the building has several cracks in the foundation. It is certain that in this situation, there is a high risk that you will reduce the selling price or lose the buyer permanently. However, the buyer may also offer you several options:
- The first would be to make the repairs before signing the sales contract. This option will therefore delay your sale and the customer will ensure that the work is done correctly.
- The second would be to revise your selling price downwards. A quote will therefore be drawn up with a specialist and the cost of the work will be deducted from your selling price.
Even though both options are possible, in most cases, the sale is cancelled because the buyer wants to acquire a property in good condition.
Don’t mention foundation problems
Choosing not to mention cracks in the foundation to the future buyer is not recommended. Indeed, if the latter notices the disturbance, he can claim the cancellation of the sale and turn against you for hidden defect.
A defect is considered to be a defect or problem that renders a home unfit for its intended use or diminishes its usefulness. It is a defect in workmanship or a construction that violates the rules of the art.
The buyer will therefore have to prove that he was not aware of the defect before the sale. The seller will have to prove that he had denounced the defect at the time of the sale or that the buyer had knowledge of it in some other way.
Undertake repairs to the foundation
First of all, it is important to know that a foundation with several cracks will lead to many waterproofing problems. Calling in a specialist now will cost you a few hundred dollars and prevent possible accidents.
If you let the problem get worse, water may seep in and you may need to do some major work on the foundation. This can cost thousands of dollars.
If you have just discovered several foundation problems on a property that you want to sell, it is therefore recommended that you carry out repairs.
Explaining foundation problems to the future buyer will potentially cause you to lose a sale, and hiding them from them could take you all the way to court. It is therefore recommended that you call on a specialized company to carry out the work before selling your property.
Need a Crack Repair Expert?
If you notice cracks on your foundation, it is important to act quickly. Fissure Expert offers professional foundation crack injection services throughout Quebec. Call a certified foundation crack contractor for a free estimate. We serve Longueuil, Trois-Rivières, Chicoutimi and several other cities.