Sometimes, home sellers ask “why should I fix this problem now?”
Any unfinished work done to the home will continually need to be repaired until
the problem is fixed permanently. It is clear that the issue of a defective
foundation is going to have to be dealt with. Fixing the problem now, can avoid
potential buyers becoming hesitant to purchase the home. In addition, if
you decide not to repair the problem in advance, the overall potential buyer
pool may be diminished due to the uncertainty of the foundation.
Realtors have all told us that they have been forced to reduce the
price of a home that has a foundation defect or in need of basement crack
repair in order to move forward with a sale. By not fixing your foundation up
front, it may cost you more money in the long run than what it costs to fix the
actual foundation problem. If you don’t repair it before selling your home, you
will limit the number of potential buyers.
A home inspector will find the basement defect during the
inspection. Now, which could cause the buyer to back out of the deal. Then you
have to start again with open houses, leaving your house for showings and
keeping your home in a condition for showings. A home inspector, to cover
himself, may request the services of a structural engineer to the tune of
thousands of dollars when the problem can simply be fixed for quite less.
Once the buyer applies for a mortgage, the bank will send out an
appraiser to access value and condition of your home. If the appraiser notes on
his appraisal report that there is a basement waterproofing issue, the
underwriter for the mortgage will require that the problem to be repaired or want
the opinion of a structural engineer. This opinion may cost more than the
cost of the repair. This delay in closing on the sale of your house may create
unnecessary stress on you, your family, the buyer, and the broker.
The most common problems home inspectors target during their
inspection are foundation wall cracks, temporary lally columns, foundation
floor cracks, leaking bulkhead and leaks around pipes. For most small crack
repair jobs, Flexomeric is the perfect application for
usage. If you have any questions or inquiries, please contact
us, or call our excellent customer service team at Toll Free: 1-855-236-5566