Selling A House With Subsidence History

To achieve the desired solution it may be necessary to underpin the foundations of the building. Selling a subsidence property. Nevertheless underpinning can be an expensive and lengthy process that costs up to around 50 000.

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Selling a home with subsidence.

Selling a house with subsidence history. If your property has a history of subsidence you will not be able to conceal the fact from prospective buyers so don t even think along those lines. Alternatively be prepared to accept a lower value. For prospective buyers looking to rent the property out doing your homework will help you decide whether it is worth the punt. If you are looking to sell a property with historical subsidence claims expect most buyers to be put off.

In some cases subsidence can cause a property to sell for around 80 of it s value. My house has subsidence history. It s important to be honest and open with potential buyers too. That s not good and it s also assuming that estate agents will want to market a property that has the problem.

On top of the obvious issues you can face with trying to sell a house with subsidence or a house with subsidence history another issue is that although it is not impossible to buy insurance for a property that has experienced subsidence in the past there is not a lot of choices and it can be expensive. Even if the issue has been fixed many potential buyers do not feel comfortable putting their money into a house that has had issues. Full disclosure is the best policy and as you would do if your property had had problems with damp in the past you will need to satisfy prospective buyers that you have dealt with the problem satisfactorily. A house with subsidence can suffer on the housing market.

With prompt remedial action it is usually possible to stabilise the situation. For owners of houses with a history of subsidence the anxiety over what happens when you come to sell it and the process of doing so can be overwhelming.