Answers by Tracy Kirkley

That is definitely a tricky situation. Depending on the discount that you get for purchasing the house "as-is", it could have a lot of upside potential. However, because of unknowns with a cracked foundation . . . there is a ton of risk also. While I am not an attorney, if you choose to move forward, you will certainly want to make your contract contingent upon further inspection/investigation of the issue. A structural engineer would be able to give you great insight. Now, let's say you did have the inspection completed and felt comfortable that with the guidance of a structural engineer and a reputable repair company you could have the foundation repaired. If you ever decide to sell the home, you will have to disclose the previous foundation issues . . . and this in itself will deter many buyers. If your intent is to be in the house for the long haul and not sell . . . then the risk/reward might balance out. However, if you have the potential to move in upcoming years, you will cut down your buyer pool. Everyone's situation will be different. I hope this has been helpful.