Yes, you can sell a house with subsidence. However, the route you choose and how you present the property will have a big impact on how quickly it sells and the price you achieve.
Subsidence can make buyers cautious, particularly those relying on mortgages, but it doesn’t make a property unsellable. With the right strategy, there is still strong demand, especially from experienced buyers.
What Is Subsidence and Why Does It Matter?
Subsidence occurs when the ground beneath a property shifts, causing the foundations to move. This can lead to visible signs such as cracks in walls, sticking doors or windows, and uneven floors.
From a buyer’s perspective, subsidence raises concerns about:
- Structural stability
- Repair costs
- Insurance implications
- Mortgage eligibility
Because of this, properties with subsidence often take longer to sell through traditional estate agents.
Can You Sell Through a Traditional Estate Agent?
It is possible, but it can be challenging.
Many mortgage lenders are cautious about subsidence, especially if the issue is ongoing or not fully resolved. This reduces the pool of potential buyers and can lead to delays, renegotiations, or sales falling through late in the process.
Even when buyers are interested, they may try to negotiate heavily on price due to perceived risk.
Why Auction Can Be a Stronger Option
Auction is often one of the most effective ways to sell a property with subsidence.
Access to the right buyers
Auctions attract investors, developers, and cash buyers who are experienced in dealing with structural issues. These buyers understand the risks and opportunities and are often prepared to act quickly.
Faster, more certain sales
Once the hammer falls, the sale is legally binding, and completion typically takes place within around 28 days. This removes much of the uncertainty that can arise in traditional sales.
Transparent pricing through competition
Rather than negotiating privately, an auction allows multiple buyers to bid openly. This can help you achieve a fair market price based on demand, even with subsidence.
Do You Need to Fix Subsidence Before Selling?
Not always. Some sellers choose to carry out repairs before selling, particularly if insurance is in place. However, many buyers at auction are happy to purchase properties as they are, factoring repair costs into their bids.
The key is transparency. Any known issues should be clearly disclosed in the legal pack and marketing materials.
Pricing a Property with Subsidence
Pricing is critical. Setting a realistic guide price and reserve price helps attract interest and encourages competitive bidding. Overpricing can deter buyers, while the right pricing strategy can generate strong demand.
This is where expert advice is essential.
Final Thoughts
Selling a house with subsidence may be more complex, but it is entirely achievable. The key is choosing the right route and targeting the right buyers.
If you’re struggling to sell through traditional methods, an auction can provide a faster, more secure alternative, helping you move forward with confidence despite the challenges.
Contact Town & Country Property Auctions to chat through your subsidence property sale and whether an auction is the right approach for you.