tech<p><img alt="" class="featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/6225/blog/crum.jpg" style="margin: 10px; float: right; width: 300px; height: 225px;"><a href="https://www.homesellingteam.com/seller/free-home-evaluation/">Sellers</a> are facing life changing decisions as they navigate the crumbling basement epidemic plaguing their homes and their neighbors.&nbsp; Many homeowners with homes just 10-15 years old are testing positive for pyrrhotite via a core test or a visual inspection and are undecided about what to do next.&nbsp; Some owners can stay and hope for more <a href="https://crumblingfoundations.org/latest-news-december-16-2019/" target="_blank">funding to become available</a>, others are relocating for a new job and must <a href="https://www.homesellingteam.com/seller/free-home-evaluation/">sell</a> or rent and others had retirement in their sights and were on the cusp of <a href="https://www.homesellingteam.com/seller/free-home-evaluation/">selling</a> and cashing in when they received this devastating news.&nbsp;<img alt="" src="https://s3.amazonaws.com/files.usmre.com/6225/blog/corner.jpg" style="margin: 10px; float: left; width: 250px; height: 334px;"></p> <p>&nbsp;We have noticed an uptick in the number of calls and emails from homeowners who just a short time ago, thought that they would remain unscathed.&nbsp; Many <a href="https://www.homesellingteam.com/seller/free-home-evaluation/">sellers</a> ask their house would sell for.&nbsp; Will an investor be willing to buy it?&nbsp; What are my options?&nbsp; What is more distressing for homeowners and local neighborhoods is the fact that many of these homes have substantial mortgage debt and little if any equity, which makes the option of walking away and leaving the home to the bank more attractive and almost unavoidable for some.</p> <h1>Unfortunately, with the <a href="https://crumblingfoundations.org/latest-news-december-16-2019/" target="_blank">CFSIC</a> funds spoken for until the sunset of 6/2022 there are no other sources of financial assistance for homeowners unless and until the sunset date is moved forward and more funding becomes available.&nbsp; What is a seller to do?&nbsp; We have a <a href="https://www.homesellingteam.com/home/crumbling-basement-options/">page</a> on our website that addresses what we see as some options for sellers.&nbsp;</h1> <p>Each situation is unique.&nbsp; As far as sales prices, I have seen a 3,500+ square foot home built in 1985 on 20 acres sell for $148,500 and conversely, a 1,700 square foot home on just under 2 acres built in 1985 sell for $180,000.&nbsp; Both had crumbling foundations.&nbsp; There is no algorithm that we can rely on to accurately predict a sales price for a home with a crumbling foundation or a home that shows no obvious signs of deterioration but has tested positive for pyrrhotite in any amount.&nbsp;<img alt="" src="https://s3.amazonaws.com/files.usmre.com/6225/blog/corner2.jpg" style="margin: 10px; float: right; width: 250px; height: 333px;"></p> <p><a href="https://www.homesellingteam.com/contact-us/">Contact us</a> and if we can help, we will.&nbsp; We have an attorney recommendation that we would be happy to share with you.&nbsp; This attorney is well versed in the concrete issue and its deleterious effects on your financial and psychological well- being.&nbsp; &nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p>
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