I know I have basement leaks, what should I do if I'm selling my house?

Here are a few issues to consider when making a decision in this regard:

1. When you put your home on the market with a realtor you may be asked to complete a disclosure form on which you will be asked if you have any water ingress problems. If you answer falsely, one would assume that you are prepared to take the legal and/or financial risk associated with this decision. If you answer truthfully, you may frighten prospective purchasers.

2. It is highly likely that the eventual purchaser of your home will hire a home inspector to check your home as a condition of the sale; one of their checklist items is the condition of the foundation. They will look for cracks and other leaks; many of them now use a moisture meter to detect high humidity levels.

3. If a potential purchaser observes water in the basement or leaking cracks, or non-leaking cracks for that matter, they may not even bother to make an offer, even if they love your home. Many people incorrectly view all foundation cracks as being symptomatic of structural failure.

4. If a home inspector's report identifies issues associated with foundation leaks and/or cracks, you may be compelled to repair all problems as a condition of the sale, or a reduced price (likely inconsistent with cost of repair) will be offered. The purchasers may decide they are uncomfortable even with non-leaking cracks in the foundation and they will refuse to waive the home inspection condition in their offer.

5. If you are the type of person who would never knowingly leave a problem for others to deal with, you already know what to do.

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