Selling A House With Subsidence Problems

What Is Subsidence?

The definition of subsidence is the sudden or gradual sinking downward of the grounds surface, which could be caused naturally or by human activity. The affect this has on property is to cause major damage to structural aspect, which can be very costly to fix & detrimental to any potential future sale.

What Causes Subsidence?

Subsidence happens when the ground below a property shifts for a particular reason, which can be a variety of different things.

What Are the Signs to Look Out For?

When your property is at risk of subsidence there are a few tell tale signs that you should look out for at the beginning stages:

• Cracks in walls – diagonal, wider at the top and thicker than hairline cracks
• Doors and windows sticking
• Floor sinking
• Leaning of property
• Extension coming away from the building

Selling With Subsidence

If your property has a history of subsidence issues then it can be really hard to sell as you will not be able to conceal the the fact from any potential buyers. As you will have to fully disclose the issues it can put a lot of perspective buyers off due to the cost involves with fixing subsidence issues, you also significantly limit your buyer pool.

How is it Resolved?

An expanding substance is injected under the property until the floor is raised and the property stabilised. This should be a permanent solution to the problem. This solves the issue of further subsidence but it doesn't fix any lasting damage to the property, it depends on how severly your property has been damaged to what the cost of the repairs for this may be.

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How Can We Help?

If your property is suffering from subsidence issues and you’re wanting to sell it, this can feel incredibly difficult. Estate/online agents are unlikely to take on a property that has subsidence and hasn’t been treated yet, as it is too costly for them.

However, all is not lost. We will buy your property quickly, even if it has subsidence. We won’t offer you the full price, but we will offer you a fair price, which is something we do for all of our customers. We work with a team of experts nationally who can resolve the issue before we sell the property on, giving you peace of mind and a lump sum of money to do whatever you choose with.