A real situation from River Capital in Sioux Falls. Details are changed to protect the homeowner's privacy.
The short version: A Sioux Falls homeowner had a house with bowing foundation walls and didn't know whether to sell, rent it out or keep it. We got her three foundation repair quotes, ranging from about $30,000 to $45,000, so she could see the real cost of each option. We told her our offer might not be the highest, and we put her in touch with a realtor so she could see what the open market would pay. This summer she decided to keep the property for now. She did not sell to us, and that was a good result for her.
This summer, a homeowner a few blocks from Augustana University in Sioux Falls contacted us about a house with bowing foundation walls. She was unsure whether the house was worth fixing, selling as-is, renting, or holding, and she did not want to make a large decision without real numbers.
She chose not to sell to us. After looking at her options, she decided to keep the property for now. We're glad we could help her get clear on them.
A cash offer isn't always the best choice. A fast, as-is sale makes sense for some homeowners, and a listing or keeping the house makes sense for others. If you have a house with foundation problems in Sioux Falls, the best first step is understanding your real options. See also our page on selling a house that needs major repairs.
What we can do: Call us at (605) 206-3724 or use the contact form. We'll look at the house, talk through your situation honestly, and if you'd be better off with a realtor or a repair, we'll tell you.
General information only. Repair costs and offers vary by property; every figure above comes from this one situation and is not a quote for your home.
Related: Sell my house fast in Sioux Falls · Minnehaha County, SD · Major repairs · All situations
No. Houses with foundation problems sell as-is to cash buyers and are also listed with realtors, but buyers price in the repair cost and risk.
Often yes. Several quotes show what repairs really cost and give you a baseline for judging any offer, including ours. In the situation above, three quotes for bowing foundation walls ranged from about $30,000 to $45,000.
Not always. A realtor may get a higher price from a retail buyer, while a cash buyer offers speed, no repairs, and no showings. We'll tell you honestly which fits your situation.
Yes. We buy houses as-is in Sioux Falls and Minnehaha County, including those needing foundation work.
Tell us the situation and we'll walk you through every option, with no cost and no obligation.