Wed. Oct 27th, 2021

Selling a house with subsidence

First of all, my sincere condolences.

There’s nothing fun about owning a property that sinks to the ground and is as bulky as a three-legged donkey. I’m sure there’s even less fun in trying to whip up the damn thing.

However, despite the mess you see in front of you, I hope you console yourself … even if it is a minimal amount – in the fact that selling a property in abundance is entirely possibleand often it doesn’t have to be that difficult. The reality is that the real estate market is familiar with subsistence plagued properties, which are often sold (and bought).

So in this blog post, I’m going to examine one or two of the more obvious i not so obvious options available when selling a home in abundance, along with some other crucial points to consider …

What You Should Consider Before Selling Your Property Subsistently

Step 1) You will need to disclose the fall when selling your home

No, don’t worry, you’re not a totally scary person to consider. Alas, you probably are only human if you have thought about keeping it a secret.

Jokes aside! If your home suffers from subsidence or has a history (even if it has been resolved), you will need to report it to the real estate agent and the buyer, otherwise you run the risk of being sued for misrepresentation. Honesty is the best policy, apparently * shrugs * Do not shoot the messenger.

It’s also worth noting that when a buyer instructs a structural surveyor on their behalf (which is standard practice and a prerequisite required by most mortgage lenders), they will likely recoup the fact that you are trying to sell a default. Or at least, they should.

Yes, so it could be a very embarrassing situation if you don’t reveal the dirt.

Step 2) Get a structural survey

A qualified RICS structural engineer will be able to conduct a structural study of the property to assess the situation, so that you can properly inform the agent and the buyer of the situation.

If the property has a history of subsidence, the surveyor will be able to determine if continued movement is unlikely and if improvements need to be made.

I recently spoke with a helpful friend who buys defective properties for living, and here’s what I had to say:

It would always be advisable to talk to a structural engineer in the first instance. Before tackling any issues, you need to understand what it is all about. A structural engineer will be able to identify the cause of the movement and how to resolve the situation. Once you have this information, you will be able to get quotes from the builders, and from there you can make the decision to make the relevant repairs or sell it as is. If you decide to sell it as it is, you will at least have a greater understanding of the work and cost involved in negotiating a subsequent sale.

Step 3) Will your home insurance cover the costs of repairing subsidies?

This point is self-explanatory: check if your insurance policy covers damage caused by subsidence. Most standard policies do not, but some do. It’s worth checking it out anyway.

Step 4) Decide if you first want to fix the problem or market the property in abundance [at a discounted price]

After considering the financial cost and emotional stress of repairing your property, you will need to decide if you want to sell the property as it is (i.e. a sinking ship with a lop slope) or invest. in restoration.

Obviously, needless to say, both options have their obvious pros and cons.

Hopefully it doesn’t fool you completely, so you already understand that you should be prepared for a serious success in your finances. Either it is dedicated to repairs or the asking price is seriously achieved when it is put on the market (around 20%). Ai!).

According to this article, the average cost to fix the subsidy is £ 12,500. But that’s just the average cost, each case will depend on the severity (or its lack, if you’re lucky).

Another thing to keep in mind is that subsidized properties will likely need to be purchased by cash buyers, as mortgage lenders are unlikely to touch them with a barge stick, as they are generally not insurable. Needless to say, your audience becomes considerably smaller if you need to target cash buyers, which can greatly affect the efficiency of a sale.

How to sell a house with a collapse

Option 1) Use a traditional (obvious) real estate agency


  • Most likely you will get a better selling price
  • Real estate agents are regulated


  • Potentially very slow process
  • Limited interest
  • Real estate agency commissions / commissions

Yes, it is entirely possible (and normal) to go the traditional route of selling your property through your local street agent. Most experienced agents will have experience in the sale of real estate in abundance, because, as has been said, it really is not so unusual.

Common sense prevails, so you shouldn’t be surprised by a potentially severe delay, an extreme lack of interest, and a giant hammer on the selling price. Or, you might be lucky. Some agents may even have direct contact with real estate developers who are constantly looking for defective properties, but in my opinion, if you are interested in this route, it is best to use option 2 (below).

Either way, I recommend going into battle considering the worst case scenario (and some), so at least it won’t disappoint you.

Option 2) Use a company “We buy any house” (the wildcard)


  • Fast cash sale
  • No fuss
  • All rates are usually included with the sale price, including legal ones


  • Lower selling price
  • Unregulated industry (although the most reputable companies in this sector are members of resource systems)

This is a wildcard option, but it’s something you should definitely think about, or at least keep in mind, because it could be the saving grace you’ve been looking for, especially if you want a quick, easy sale. (and you don’t mind paying the privilege).

Companies that buy property cash, also called “Buy Any Home” companies, have had great interest and success in this particular niche of the real estate market. As before, they drool over the defective properties and love to pick them up at good value.

Long story short, many companies (but not all) that buy property cash will happily chew on you if you rent a property in abundance. But once again, I hope common sense prevails and don’t let me forget that there is no free lunch, especially in this industry. Inevitably, there is a predictable catch when it comes to using these services.

While using a cash purchase company it can be extremely fast and stress free (i.e. it is possible to complete a sale within 7 days and have money in the bank so quickly), it will cost you. Probably a lot.

Most of these companies will offer between 75% and 85% of the market value. This can be a hard pill to swallow. But with that said, they are extremely popular among “Desperate sellers”, and you will be surprised to know that there is no shortage of positive comments about these services. They definitely need to be doing something right.

I don’t know your personal circumstances, so you will decide how much a quick sale is worth to you.

If you are interested in the long story, here is another reading:

Before closing the session, I want to quickly touch on a previous point I made, in which I was alluding to the fact that I would prefer to use this option over a real estate developer (recommended by a real estate agent or otherwise). The reason I said this is because real estate developers will use similar margins to these companies, but you are likely to get a faster sale with the latter.

Once again, I’m sorry to hear about your moody home. But I wish you good luck.

Feel free to leave a comment, whether you have any questions or just want to share your story …

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