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How to Sell Your Sinkhole House
Selling a home is one of the most challenging and stressful experiences for any homeowner. There are many things and details to take into account in order to make the process go smoothly. The home-selling experience gets even more stressful if there are any problems with the property. One of the problems that you as a homeowner can face is a sinkhole. A sinkhole is a natural or man-made hole in the ground that usually appears when water dissolves the surface rock. Many sinkholes are caused by people’s activities, including groundwater pumping for instance.
If you are the unlucky owner of a property with a sinkhole, selling it will be hard. Usually, there are two selling options available: selling a sinkhole property to a private buyer after repairing it and selling it to a cash buyer as is.
What Do You Need to Know About Repairing a Sinkhole Home?
Repairing a sinkhole property might be a good option. However, do not forget to take certain things into consideration.
How Much Are Repairs?
Repairing a sinkhole home is not cheap. The average cost to repair this type of property is between $10,000 and $15,000. In the case of more serious damage, this number may go up to $100,000.
The main reason why it is so expensive to repair a sinkhole property is the cost of materials. If you are selling a sinkhole home and want to know the exact amount you will have to spend on repairing it, you should consult a licensed engineer.
Is Repairing a Sinkhole Home Safe?
Usually, you can repair a sinkhole home, and it is considered absolutely safe. However, if there are any questions, and you want confirmation, you should contact a professional engineer.
It also depends on the type of sinkhole. Unfortunately, natural sinkholes often come back, and even if they are properly repaired, there is no guarantee that they will not appear again.
Do You Need to Disclose Any Information About a Sinkhole?
One of the most common questions among people selling properties with sinkholes is: Do I need to disclose information about it? Yes, you do. If you are selling a property with sinkhole activity, you have to tell prospective buyers about it. It is important to do that because sinkhole properties are not 100% safe even after repairs. Therefore, when selling a sinkhole home, make sure to provide buyers with a copy of the original report that contains all the details about the sinkhole incident. In addition, you also need to have a copy of the completion certification of stabilization.
Sell Your Sinkhole Home to a Cash Home Buyer
If you own a home with a sinkhole, repairing and selling it is not too hard. It can be even easier if you decide to sell your sinkhole property to a cash buyer because they purchase homes immediately and they pay you cash. It is the perfect option for those homeowners who do not have thousands of dollars to repair a sinkhole.
Are you looking for a home investment company or cash buyer in Dallas, TX, or any other nearby area in TX to sell your house fast? We Buy Dallas Houses is the company that is ready to help. We buy houses regardless of their age, condition, or other circumstances. Even sinkhole properties are not a problem to us. If you have any questions, or you want to know more about our company and our home-selling process, feel free to visit our website or give us a call.
