If a homeowner does not do a good watering program that soil can move and cause cracks in the foundation (or buckling).
I am not sure if Texas has expansive clay soils everywhere.
If I was buying a house a foundation with problems would make me reconsider buying that house.
A lifetime repair is only as good as the (now bankrupt) company behind it. If the owner retires, goes out of business, or simply refuses to pay for needed repairs what do you do then? A warranty is only worth the paper it is written on and the word of the person (or business) that wrote it.
I don't know why anyone would have given that advice personally as many foundation repair companies will even offer a warranty on their work.
Let me know if you are looking for another agent. I am happy to help.
So, am I to understand that there are areas in Texas where foundations are essentially temporary, and require intermittent rebuilding or reinforcement? And if this is true, and you want to live in those areas, isn't this just something you have to live with?
It's just one of those things that happens in some parts of North Texas. If all things are the same I would just as soon not buy a house with foundation issues. Some can be repaired, some can't, some people live with the problem, some solve the underlying problem. I guess there is much more to the question than just NEVER as you discuss. The guarantees are all different too. Make sure you get all the documentation from the company and details about warranty transfer during your option period and ensure appropriate fees and documents are available before you close.
There are also varying causes and degrees of problems. What if the differences in tolerances are 10" or 12"...that's a lot of movement. What if what caused that is basically unfixable due to slope or location or type of soil?
What if there is a plumbling leak that can be fixed and the issue is 1". Complete different situations.
NEVER is a strong word.....would you buy the house for $1....for $2....for $3....well there is some number that makes the house a good buy, and perhaps some number that does not make it a good buy. You have to figure out what that number is for yourself and perhaps in consultation with your realtor.
This is why we have an Option Period with a contract. Have a certified structural engineer check out the property. Also have your insurance agent run a CLUE report. See if the property can even be insured.
As the others have said, it is a case-by-case issue. As always, caveat emptor (buyer bewar).
OR in some areas WELL KNOWN for huge foundation issues some lenders may not approve the loan best be careful prior to spending money
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Hope that helps!
Best of luck .. Bruce