As you can imagine, selling a home comes with many challenges, often making it a stressful and challenging time for everybody involved. So, what happens when subsidence enters the mix? Such a structural defect can impact not only your home’s value but also the speed of the sale and the willingness of buyers to consider purchasing.

With these pressing concerns in mind, we thought we’d answer some of our most commonly asked questions regarding selling a property that suffers from subsidence. Over the years, we have had the pleasure of assisting home sellers with the pesky problem of subsidence, allowing them to undergo a seamless selling process from start to finish.

Subsidence Repair Quote UK

As specialists in subsidence recovery, Subsidence can help you address and rectify these issues before you even put that “For Sale” sign up!

For a FREE quote simply contact us on 0333 1300592 or send us a message here. You can also get a quick estimate of costs using our Subsidence Cost Calculator.

How Does Subsidence Impact the Value of My Property?

We are often asked, ‘Can I sell my house with subsidence?’ As a property seller, your top priority is getting a quick and reliable sale, especially if you find yourself part of a chain. However, signs of subsidence on the interior or exterior can impact the overall value of your property, especially when it’s a surveyor’s responsibility to detect such issues. To put it into perspective, you can still expect to lose an estimated 20-25% in property value!

This substantial figure can hugely affect the profit that you have accumulated over the years on your home. Moreover, even the suspicion of subsidence can encourage buyers to knock off a percentage from your asking price. This is primarily due to the significance of such structural instability, which is highly concerning for prospective buyers.

The Role of Subsidence in Home Inspections

Often, house surveyors will reveal any early or late signs of subsidence. Due to their placement near windows and doors, surveyors will immediately pick up these issues during a house inspection. It is also often spotted before reaching this stage, with savvy home buyers recognising the signs during their viewings. Once identified, your home’s valuation will be lowered, giving prospective buyers the bargaining chip they need to drop their offer even more. That’s why it is crucial to eradicate any sign of subsidence prior to putting your home on the market.

How Can Subsidence Prolong the Sale Process?

On top of resulting in a lower offer and potentially putting off buyers, you’ll find that any detection of subsidence can also significantly prolong the sale process for every party involved. Why? Buyers may request that the issue be dealt with before purchase or request a more detailed inspection, delaying the sale process hugely. Not to mention, if you do not act on their wishes in good time, this could lead to them pulling out of the sale altogether!

Mortgage Complications

Potential buyers may encounter issues with mortgage financing due to signs of subsidence. Once detected by a surveyor, many mortgage companies will be reluctant to offer finance on your home, requiring you to either fix the problem beforehand or seek a cash buyer, which can not only delay the sale further but affect your asking price.

Can Subsidence Be a Deal-Breaker for Buyers?

The above covers what would happen if a potential buyer still shows interest in your property, even after the subsidence detection, but this isn’t always the case. When it comes to it, you can sell a house that has subsidence, but due to the stigma surrounding the topic, many buyers will be deterred, and it may not be possible to secure a sale in reality. Once a home shows signs of subsidence, it may be deemed a high-risk property altogether, or it may just concern buyers that it’ll worsen in the future.

Not only is this a worry when purchasing, but buyers will also be considering their future plans. When selling the property themselves, they’ll want a hassle-free and smooth process, but even with just the history of subsidence, the resale value could be affected.

How Can Subsidence Ltd Help Me Before I Begin the Sale Process?

Are you thinking of selling your home? Does it bear signs of subsidence? While the above should still be taken into consideration, it isn’t a hopeless situation. At Subsidence, we are approached by many home sellers looking to eliminate any signs of subsidence before they begin the selling process.

If you’re unsure what to look out for or would just like peace of mind that your property is free from subsidence, our team of experts offer a comprehensive evaluation of your home, ensuring that all walls, ceilings, doors, windows and floors are inspected. If we do encounter signs of subsidence, we will then discuss our cutting-edge resin solutions with you.

By effectively treating subsidence, we will help you to sustain or even increase your property’s market value, making it much more appealing to prospective buyers. We provide all necessary documentation that proves the subsidence issue has been professionally addressed. This paperwork can then be presented to buyers or inspectors to facilitate a smoother sale.

Need Further Help?

Subsidence can undoubtedly complicate the process of selling your home, affecting its market value and making it less appealing to potential buyers. However, by taking proactive steps to combat these issues, you’ll eradicate these challenges before you initiate the sale, encouraging a much smoother and faff-free process.

If you have any more questions regarding how to sell a house with subsidence, contact our experts today, and we will answer any queries you may have. Call us on 0333 1300592  Alternatively, you can click here to request a detailed consultation with one of our highly trained experts.

Related Posts

Scroll to Top
Open chat
1
Subsidence LTD
Hello 👋
Can we help you?