Selling a property with subsidence / structural problems
When it comes to buying properties with subsidence there truly is a minority of specialist purchasers out there. Whilst the vast majority (including every homeowner) steer well clear, we in turn would be delighted to assist and purchase such a property.
We do of course pay under market value for these properties taking into account the risks that come with such projects and the large costs involved to structurally fix its defects. Secure a fast sale for a fair price with Property Escape, you won’t be displeased!
Tell-tale signs a property has subsidence
- Cracks found close to doors and windows also visible externally
- Cracks thicker than 3mm (size of a 10p coin)
- Rippling of wallpaper
- Sloping floors
- Sticking of doors and windows
How to sell my property with subsidence issues!
If there’s subsidence issues existing in your property you will naturally find it very hard to sell.
Mortgage lenders will not touch properties that are uninsurable, which means the only potential purchases are cash buyers. The solution of underpinning to fix this problem is not only very expensive but stressful and time consuming.
Property Escape aren’t put off by structural issues and as cash buyers could relieve you of your damaged asset.
As a vendor there really are only 2 options:
- Shell out anywhere between £10,000- £50,000 to carry out the repair work that will usually prevent further movement of the foundations.
- Sell at a lower price to a cash buyer.
For any vendor needing to realise a quick sale, Property Escape will be willing to assist no matter the severity of damage your property is tarnished with. With cash standing by and a fantastic legal team ready to act at the drop of a hat we are best placed to buy your property fast and hassle free. Don’t hesitate to contact us today for your no obligation, cash offer!