Why You Should Fix Your Foundation Before Selling Your Home
You're preparing to sell your home and you notice a foundation issue:
You can simply list your home on the market, disclose the foundation problem, and attempt to sell the house. However, while this may seem like the most cost effective option since you won't be footing the bill, you're most likely going to lose money.
Potential homeowners are often turned off when they discover that the home they want has a foundation issue. Because of this, you may struggle to sell the house or you may come across buyers who are not willing to pay the listing price.
It's important to note that you must always disclose a foundation issue.
Michigan has a Seller Disclosure Statement. If you knowingly choose not to disclose a foundation issue and the sale has been closed, the purchaser can pursue legal action against you.