Is your home back on the market?

Speak to your Realtor about a contact for fixing the foundation. Every once in a while someone will repair and wait to be paid at closing. However, whenever I have seen this option offered the repairman wants the property under contract with a definitive closing date.

Otherwise you can sell AS IS with a disclosure of the foundation issues. Normally you would sell for less in this case because the buyer has to repair.

Your Realtor may have good local resources to help you find a good repairman.

One last option: there are companies that buy homes AS IS (as opposed to an individual) and fix up the home for resale or to rent. These type companies offer much less than market value because they are looking to put money in the house to bring it up to standards and to make a profit when they sell it.

Just checked your link. Realtor.com says your home is pending - which means its under contract. Talk to your agent so s/he can correct the status in the MLS right away. Realtor.com uploads directly from the MLS so when the correction is made by your agent, it should show available in Realtor.com. You won't get any activity unless your home shows as available and not pending.

I understand about the cash buyers that do fix and flips. It was just one of the options.

Some buyers don't want to take on the repair work after closing. Now that you have estimates you can work with another buyer to negotiate when the time comes. Make sure your disclosure mentions the foundation issue and have the repair estimates readily available.

Make sure you are priced right - the median list price in your neighborhood is $89,900 according to Realtor.com (that may or may not be the actual median). Have your Realtor do a market analysis to see where you are (true comps - not just neighborhood sales).

Once the buyer signs it, then your listing agent can update the status :)

It's a nice house at what seems like a fair price. It will sell. I do wonder though why your realtor uploaded 62 pictures - many of which are duplicates. I would ask them to fix that. Good luck.

schreibdave has a good point. I know why there are many photos - because it brings the listing to the top when searching Realtor.com and similar sites. However, the strategy of posting the same photos over and over backfires. People don't want to see 10 photos posted 6 times in a row (for example). Encourage your Realtor to bring in a professional photographer, at his expense, for the listing and post 40 to 50 different photos of the house interior, exterior and surroundings.

I see the status is active (good) and the photos were changed. Good job. I hope your new buyer shows up soon.

Not only does the wall need braced internally, you need waterproofing from the exterior. The brick should not look saturated like that. There are multiple ways to brace the wall from further bowing. I would recommend the carbon fiber bracing over beams, but beams (either steel or treated timbers) work also. On cinder block you need a brace every 16 inches so every cinder block is supported.

If you put a 4 foot level up against the wall, you can measure how many inches it has bowed. Looking at the pictures it looks braceable and not a complete rebuild of the wall.

More info:

http://www.uswaterproofing.com/learning-center/pros-cons-of-carbon-fiber-foundation-repair

http://www.stablwall.com/

needs to be shored up on cribbing or footings and CMU wall rebuilt and likely some footting work.

As vith stated youve got exterior grading and waterproofing or worse goin on too.

Any prospectable buyer thats not Extra handy / knowledgeable will run for the hills.

Not old thread- 9 days. Original post Nov 27 2017. I'm sure the OP is looking for any available help.

Lisa. Your gonna have a continuation of hard sell and losses while time dwindles away. Get it feixed and profit from the fix by 10-20% in resale. Grasping at straws and on the wrong forum for A project that requires an IN HOME assessment from A QUALIFIED foundation and masonry not your translation of what they looked at and said.

You can spin the question and share why people arent buying but you know what the proper course is here and id suggest taking it.

Just fix it first then sell. People are too scaredy pants of the whole situation. If the wall had to be rebuilt it is quite more involved but bracing it is not a huge issue.