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Selling a property with subsidence damage

What is subsidence?

The word “subsidence” strikes fear into the heart of all homeowners. Subsidence is the term given when land underneath a property shrinks or caves in, and affects the structural integrity of the property. It can cause cracks to appear in the building’s walls.

Homeowners fear it because it can be very expensive to rectify.

If you are selling your property, your buyer’s lender will send out a valuer to undertake a valuation for lending purposes.This will not be an in-depth survey as the tell-tale signs of subsidence are relatively easy to spot .

How do I know if my property has subsidence?

Cracks in properties are common and are not always caused by subsidence, they can just be natural shrinkage or drying. However, you can identify subsidence cracks by looking for the following signs:

A property might not exhibit any signs of subsidence for many years, but following an unusually hot summer or drought, the ground can contract. This problem can be exacerbated if trees and shrubs are close to the property, as they can absorb a lot of water, drying out the ground even more.

Properties built on clay are particularly prone to this problem and are more likely to be at risk of subsidence.

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How do I sell my property with subsidence?

If your property is exhibiting subsidence issues, then unfortunately you are going to find it very hard to sell.

Underpinning is often the best solution and this involves reinforcing the properties foundations which is an expensive and intrusive process.

Properties with a subsidence problem can only be sold to cash buyers like Open Property Group. This is because mortgage lenders will not lend on them unless the remedial works have been commissioned to a satisfactory standard.

Therefore, the vendor has two options:

  1. Accepting a lower offer from a cash buyer
  2. Paying for the subsidence to be treated and then hoping to get a higher sale price for the property, that will allow them to recoup their financial outlay of having the work undertaken.

If you are looking for a quick sale, then the latter is not really an option.

The good news is that we can offer a quick and hassle-free solution for those people looking to sell a property with subsidence. As professional property buyers with significant funds standing by, we buy property in England and Wales in any condition, even with structural problems. We are not fazed by subsidence so do not hesitate to contact us today and we can make you a no-obligation cash offer, usually within 48 hours of you contacting us.

Open Property Group have a mission to raise standards and improve customer experience when you choose a quick house sale.

Give us a call on 0800 990 3939 to receive a no-nonsense cash offer for your property or send us an email at info@openpropertygroup.com

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What our customers say

Feefo -/5 • - reviews (last 12 months) • Read our reviews Stars
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The service I received from Open Property Group was very helpful and considerate of my personal circumstances. A thank you to Jason for arranging a cash advance prior to exchanging contracts, and a lump sum when we exchanged. This was a really big help.‎ Your company is simply the best.

Miss M, Southampton

Efficient, friendly and fair. From sold to exchanged in less than 6 weeks using OPG. We couldn’t fault the service. A professional service that any seller should use. If we had more property we’d definitely use them again!

Mr and Mrs M

The open property group recently purchased a property through my agency and found them to be excellent buyers that were able to exchange contracts within one week at the agreed price. I would highly recommend this company.

Trusted Customer

Excellent customer service, amazing communication, honest and genuine company who made the process extremely easy and gave any excellent price.

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We buy property directly and you won't pay any agent's fees.

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