Home Story · Spring Lake · Fairfax
An unexpected foundation problem did not end the sellers’ options
A buyer’s inspection found significant foundation cracks while the owners were carrying two mortgages. Steve obtained engineering estimates and factored the repairs into his offer.
A surprise during the sale
The owners had bought the Fairfax house only a few years earlier. During a later sale, an inspection identified significant cracks in the foundation and utility room that had not been raised in their earlier inspection. Meanwhile, the cost of carrying two mortgages was difficult.
Getting a basis for the numbers
A realtor brought the property to Steve. He obtained engineering estimates and considered the foundation work, along with other basement needs, when evaluating what he could pay.
An agreement that acknowledged the repairs
Steve and the sellers reached a price that worked for both sides. Rather than leave the structural concern unresolved, the offer took the expected work into account and provided the owners with another path to completing their sale.
What would make selling easier for you?
Tell us what is happening with the house and what you need to happen next. We will listen, explain your options, and let you decide whether a direct sale fits.
Talk with Steve & StacyBased on Steve and Stacy’s account of this purchase. Arrangements described are specific to this transaction.