Do you have a house with a foundation problem? Owning a home can be one of the biggest investments for most Americans. Most people in this country aspire to own a home and they work to keep their homes in good condition. Sometimes, homes develop issues that are very costly to repair, leaving a homeowner in a tough spot. Large repairs on homes can easily cost over 5-figures, or more than $10,000. Most people don’t have $1,000 in their emergency funds, let alone $10,000 or more! A foundation issue with your home is not something to be taken lightly.

Types of foundation issues in Indianapolis, IN

There are many different types of foundation issues you can experience. Some of them include:

  • Small Cracks in Foundation
  • Large Cracks in Foundation
  • Crumbling Foundation
  • Settling Foundation
  • Sinking Foundation
  • Shifting Foundation
  • Bowing Foundation

If you’re experiencing any of these issues and want to sell your home fast for cash, you can call Heritage Capital at (317) 751-7011. We’ll give you a fair price for your home and will work with you to find a mutually agreeable solution to your foundation issues.

How much does it cost to fix a foundation issue in Indianapolis?

The cost of fixing a foundation issue can range anywhere from a few hundred dollars to $20,000+. It depends on what the issue is and the severity of it. You should always hire a structural engineer to evaluate your foundation problem before attempting a repair. Hiring a structural engineer will keep you from guessing about what the right solution is. If you have some minor cracks showing in your foundation, that might cost $200-$800 to rectify with some epoxy or polyurethane foam. If your house has settled, sunk, or shifted, however, you could be looking at a repair between $1,000 and $25,000 depending on the severity of the issue. The entire weight of your house sits on your foundation, so these issues shouldn’t be taken lightly (pun intended). If the cost of rectifying a foundation issue is something you don’t want to deal with, there are options for you. You should consider selling your house for cash to Heritage Capital. As a side note, the closing process is VERY fast and can typically be completed in 1-week.

Foundation Horizontal Cracking Indianapolis, IN

Can I Sell My Home on the MLS with a Foundation Issue?

If your home happens to have a foundation issue and you don’t have the financial means to fix it prior to selling, you may need to consider some different options. Most traditional means of funding a home purchase through a government-backed mortgage would require that the foundation be solid and free from defects. This means that many home buyers won’t be able to purchase your home with a mortgage. You could still sell to cash buyers, but you’d need to wait for the right one to come along!

Do I have to fix a foundation problem before selling my house in Indianapolis?

To command top dollar for your home, you might need to make some repairs prior to selling. If that’s not something you’re interested in doing, then you should probably consider some alternative options. Instead of listing your house on the MLS with a realtor, you could seek out a cash home buyer like Heritage Capital. Companies like Heritage Capital buy homes for cash and they don’t need to worry about the rules pertaining to government-backed mortgages. This is because Heritage Capital is likely to buy the property, fix it up, and resell it at market value.

Would a cash buyer purchase my house with a foundation issue in Indianapolis?

If you’re looking to sell your house with a foundation issue and have identified that you want to sell to a cash buyer, give us a call at (317) 751-7011. We’ll work with you to find a solution that is agreeable to all parties. Heritage Capital has years of experience buying homes with foundation issues from people in the Indianapolis market. Contact us today! And check out our reviews!