Started By
Message

re: First time home buyer - is a foundation issue found during inspection a dealbreaker?

Posted on 4/29/19 at 1:47 pm to
Posted by momentoftruth87
Your mom
Member since Oct 2013
86110 posts
Posted on 4/29/19 at 1:47 pm to
Another question for you, does your lender know, and what if they don't approve the loan?
Posted by Eric Stratton
Faber College
Member since Mar 2015
2055 posts
Posted on 4/29/19 at 1:49 pm to
Don't do it. You will only regret it down the road whether its constant structure damage or a decrease in resell value.
Posted by yaherrdme
The Place to Be
Member since Feb 2004
5882 posts
Posted on 4/29/19 at 1:51 pm to
quote:

I’m having a structural expert come out to generate a quote


You need a structural engineer to do an inspection then get a quote on what needs to be done. If the "structural expert" you are using is a guy from say Cable Lok, they are just a salesman and have no idea, they will just use a piece of grid paper and tell you to put x number of pylons in a certain area.
Posted by Tiger Prawn
Member since Dec 2016
25086 posts
Posted on 4/29/19 at 1:54 pm to
quote:

this is a run, don’t walk away scenario
Posted by RoyalAir
Detroit
Member since Dec 2012
7251 posts
Posted on 4/29/19 at 2:04 pm to
I've had a foundation repair on my house, which wasn't found during the inspection. The repair has solved that problem, no issues in the four years since. Settling is normal. Wait for advice from the structural guy. And if you're serious about it, have it looked at again.
Posted by tommy2tone1999
St. George, LA
Member since Sep 2008
7617 posts
Posted on 4/29/19 at 2:07 pm to
You'll be hard pressed to find an existing house for sale in south Louisiana that doesn't have a slab issue.

ETA: unless it's not on a slab
This post was edited on 4/29/19 at 2:09 pm
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 4/29/19 at 2:08 pm to
quote:

First time home buyer myself--closing tomorrow actually. House we loved had a crack in the front of the house to the foundation and we worried about the same thing. Home inspector came and had a structural guy look too. Both weren't worried at all about it and said it had a very solid foundation. Like others have said, don't jump to conclusions. Wait for the inspector to come and ask him very frankly about his thoughts on it and if it's worth buying. Good luck amigo.



Thanks friend, that's probably our path forward. At least with the expert opinion I might find out about soil issues that can help me eliminate the area from consideration. And if he says that with repair it should all be good, I'll likely get a second opinion to verify that and talk it over long and hard before pulling the trigger. And if not, well...

Fiancee is off Wednesday, likely going to start formulating the backup plan and starting the house hunt back up
This post was edited on 4/29/19 at 2:09 pm
Posted by Mr. Hangover
New Orleans
Member since Sep 2003
34871 posts
Posted on 4/29/19 at 2:10 pm to
How many houses have y’all gone to look at?
Posted by Hamma1122
Member since Sep 2016
21821 posts
Posted on 4/29/19 at 2:10 pm to
Yep
Posted by GATORGAR247
Member since Aug 2017
994 posts
Posted on 4/29/19 at 2:12 pm to
Yes, foundation repair my have to be listed in the disclosure when u try to sell the house again . I'd find another house tbh.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 4/29/19 at 2:12 pm to
~17

our issue is that I work in Huntsville and she works in Guntersville as a veterinarian and in order for us to both have commutes of about 30-35 minutes the options for locations are somewhat restricted.
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 4/29/19 at 2:17 pm to
yes its a deal breaker and no you cant depend on the inspector to find anything thats wrong with anything, home inspectors are a joke and there is no education or knowledge required to be one.

foundation work is around $5k-$8k on the cheapo simple stuff all the way the $30k plus if its a real problem, and possibly $50k or more up to a complete slab replacement required.

think of foundation issues as a major ongoing large scale termite infestation as far as being a problem

that said, old homes will settle so a few foundation cracks are not necessarily a sign of any problem unless the crack is separating or you see other signs like unlevel surface after the crack or cracking sheetrock

in your case you say its nine years old and had a vertical crack going straight through a cinder block that turns into a stair step crack as it gets closer to the ceiling of the crawl space.

thats a major big red flag that the foundation was poured over soft ground and there will be constant ongoing foundation issues with a house like that.

i might buy it and assume the risk if they sell it at half market value but thats the only way i assume such a huge risk on the problems to come in that houses future because the plumbing is also going to have drainage issues after a few more years as well
This post was edited on 4/29/19 at 2:29 pm
Posted by TigerOnTheMountain
Higher Elevation
Member since Oct 2014
41773 posts
Posted on 4/29/19 at 2:17 pm to
Are you kidding me?



Nah, you're good. Congrats!
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 4/29/19 at 2:19 pm to
quote:

foundation work is around $5k-$8k on the cheapo simple stuff all the way the $30k plus if its a real problem, and possibly $50k or more up to a complete slab replacement required.

think of foundation issues as a major ongoing large scale termite infestation as far as being a problem



yeah my big fear is even if the seller pays to have it fixed, I need some guarantee that the problem isn't going to recur and I'm going to be left footing the bill when it's time to sell.

And that's assuming resell value does not plummet as a result of this which I kind of figure it would.

Just seems way too risky for my blood even if we do love the house, just not a sound investment. But again, I'll wait on the structural engineer's opinion.
This post was edited on 4/29/19 at 2:20 pm
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 4/29/19 at 2:21 pm to
quote:

The seller just had their own inspection done last month.


Hae they shared it with you? A no if you asked is a big red flag but you probably know that already.
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
61526 posts
Posted on 4/29/19 at 2:21 pm to
quote:

Most houses have foundation issues at some point


What is that supposed to mean? He should just buy one with a preexisting issue to get it out of the way?

Actually yes in some situations because you can get it corrected, have it paid for by the seller and then the lifetime warranty will be handed over to buyer. most areas of Houston I wouldn't buy an older home unless I knew there has been some foundation repair with a guarantee. The soils around houston are horrible and it's only a matter of time before you have foundation issues.
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 4/29/19 at 2:22 pm to
quote:

What is the difference between one that is already repaired and one that will be repaired by seller and warranty given?


the difference is someone already paid to fix it so they ate the unknown final repair cost which could have been anything from $5k-$50k+
Posted by Mr. Hangover
New Orleans
Member since Sep 2003
34871 posts
Posted on 4/29/19 at 2:23 pm to
Then you should know by now that there are millions of other options out there


I was in your position, and as a first time buyer, I was READY to get into this house no matter what.. here I am, two years later, and I’m about to pay - BIG TIME - for my rush to get into my house.. take your time, find something that checks off all your ‘boxes’ without** the added bullshite..

Trust me, you’ll be better off down the road because of it
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 4/29/19 at 2:23 pm to
quote:

Hae they shared it with you? A no if you asked is a big red flag but you probably know that already.



No they have not and I did consider it a huge red flag. They aren't technically supposed to share it from what I know, but I can't help but feel like they were deliberately trying to hide information for personal gain.

If so, sucks for them, because any home inspector worth their salt would have found what I photographed in the OP and they'll be fixing that foundation if they ever have a prayer of selling that house.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 4/29/19 at 2:25 pm to
quote:

Then you should know by now that there are millions of other options out there


I was in your position, and as a first time buyer, I was READY to get into this house no matter what.. here I am, two years later, and I’m about to pay - BIG TIME - for my rush to get into my house.. take your time, find something that checks off all your ‘boxes’ without** the added bullshite..

Trust me, you’ll be better off down the road because of it



you are right, I did the worst thing and got emotionally attached to the home so sucks letting it go.

Once the structural guy confirms its a foundation issue of any severity and not purely cosmetic (which of course it isn't), I'm walking away.
first pageprev pagePage 3 of 6Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram