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    • Jb_1982
    • By Jb_1982 16th Sep 17, 8:35 PM
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    Jb_1982
    Home Buyers Survey
    • #1
    • 16th Sep 17, 8:35 PM
    Home Buyers Survey 16th Sep 17 at 8:35 PM
    Hi again...
    So, I'm nearly at the point of exchanging contracts between my vendor and my purchaser. Now my purchaser has decided to have a Home Buyers Survey/Report (not the standard one). I live in a house built in the 80's and see no purpose of having this done on this property. I am buying a house on the same estate as the one I am selling, and built around the same time. I just had a standard one. The earliest time this survey can be done is the 5th October 2017, which seems ages away at this point. We accepted the offer in June for our house and the survey has only been requested now.

    Can this survey threaten the sale? I can see no reason for the survey showing anything significant. Has anyone on this forum been through this procedure before with a survey? How much depth do they go into?

    Any help and advice is appreciated, I just want this whole process to completed ASAP!!
    Last edited by Jb_1982; 16-09-2017 at 9:31 PM.
Page 1
    • davilown
    • By davilown 16th Sep 17, 9:18 PM
    • 1,466 Posts
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    davilown
    • #2
    • 16th Sep 17, 9:18 PM
    • #2
    • 16th Sep 17, 9:18 PM
    The home buyers survey is the standard survey and probably a minimum requirement if I was buying a house.
    If it uncovers something untoward then of course it can threaten the sale.
    Back in Debt £230,900 on a £230,900 mortgage) Overpayment £238 pm - Aim to be Mortgage free by 2028
    £27000/£27000 paid off Feb 2010 since LBM Jan 2007!
    • Jb_1982
    • By Jb_1982 16th Sep 17, 9:25 PM
    • 60 Posts
    • 24 Thanks
    Jb_1982
    • #3
    • 16th Sep 17, 9:25 PM
    • #3
    • 16th Sep 17, 9:25 PM
    The home buyers survey is the standard survey and probably a minimum requirement if I was buying a house.
    If it uncovers something untoward then of course it can threaten the sale.
    Originally posted by davilown

    It is not the standard one I am referring to, its the more in depth one. I don't know what the technical name for this survey is called.
    • Mutton Geoff
    • By Mutton Geoff 16th Sep 17, 9:28 PM
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    Mutton Geoff
    • #4
    • 16th Sep 17, 9:28 PM
    • #4
    • 16th Sep 17, 9:28 PM
    It is not the standard one I am referring to, its the more in depth one. I don't know what the technical name for this survey is called.
    Originally posted by Jb_1982
    http://www.which.co.uk/money/mortgages-and-property/first-time-buyers/guides/buying-a-home/house-surveys
    Compensations/Refunds from Banks & Institutions - £4,165 | Stooz Profits - £7,636 | Quidco - £3,963

    All with a big thank you to Martin and MSE.com from Mutton Geoff!
    • Jb_1982
    • By Jb_1982 16th Sep 17, 9:31 PM
    • 60 Posts
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    Jb_1982
    • #5
    • 16th Sep 17, 9:31 PM
    • #5
    • 16th Sep 17, 9:31 PM
    Thank you.. thats helped a great deal...
    • G_M
    • By G_M 16th Sep 17, 10:40 PM
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    G_M
    • #6
    • 16th Sep 17, 10:40 PM
    • #6
    • 16th Sep 17, 10:40 PM
    So, I'm nearly at the point of exchanging contracts between my vendor and my purchaser.
    No.You're not.

    Can this survey threaten the sale? I can see no reason for the survey showing anything significant. Has anyone on this forum been through this procedure before with a survey? How much depth do they go into?
    Originally posted by Jb_1982
    As you have not told us which survey is being done, we can't tell you how much depth!

    But the "more in depth one" is likely to go into considerable... errr.... depth!

    Can it threaten the sale? Of course. If it finds anything significant of concern, or anything minor that the buyer interprets as signficant, then it can result in the buyer wishing to reduce the sale price, or cancelling the purchase altogether.

    Has anyone on this forum been through this procedure before with a survey?
    Yes - Countless people.

    Any help and advice is appreciated, I just want this whole process to completed ASAP!!
    Of course you do. But you can't get the survey done any quicker than what the buyer has arranged.
    • Jb_1982
    • By Jb_1982 16th Sep 17, 11:25 PM
    • 60 Posts
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    Jb_1982
    • #7
    • 16th Sep 17, 11:25 PM
    • #7
    • 16th Sep 17, 11:25 PM
    No.You're not.


    As you have not told us which survey is being done, we can't tell you how much depth!

    But the "more in depth one" is likely to go into considerable... errr.... depth!

    Can it threaten the sale? Of course. If it finds anything significant of concern, or anything minor that the buyer interprets as signficant, then it can result in the buyer wishing to reduce the sale price, or cancelling the purchase altogether.

    Yes - Countless people.

    Of course you do. But you can't get the survey done any quicker than what the buyer has arranged.
    Originally posted by G_M
    I can't workout if this response is patronising, sarcastic, helpful or a combination of the 3. Nonetheless, thanks for spending the time to respond.
    • davilown
    • By davilown 17th Sep 17, 5:24 AM
    • 1,466 Posts
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    davilown
    • #8
    • 17th Sep 17, 5:24 AM
    • #8
    • 17th Sep 17, 5:24 AM
    I can't workout if this response is patronising, sarcastic, helpful or a combination of the 3. Nonetheless, thanks for spending the time to respond.
    Originally posted by Jb_1982
    Defintely a combination of all 3 - and he's being quite polite to be honest. As he's said, you're nowhere near completion and you don't know what survey is being completed so of course it can threaten the sale.
    Back in Debt £230,900 on a £230,900 mortgage) Overpayment £238 pm - Aim to be Mortgage free by 2028
    £27000/£27000 paid off Feb 2010 since LBM Jan 2007!
    • Davesnave
    • By Davesnave 17th Sep 17, 6:27 AM
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    Davesnave
    • #9
    • 17th Sep 17, 6:27 AM
    • #9
    • 17th Sep 17, 6:27 AM
    Yes, the buyer ought to have done this somewhat sooner, so maybe there's a sneaky ulterior motive, but there doesn't have to be.

    For example, the buyer could recently have learned that some houses on your estate have a particular defect, or that there have been incidences of subsidence.

    These are just two reasons why an 80s house might require at least a homebuyer's survey, despite your thinking that it is somehow above all that.
    'A society grows great when old men plant trees whose shade they'll never sit in.'
    • G_M
    • By G_M 17th Sep 17, 12:12 PM
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    G_M
    2 of the 3........
    • agrinnall
    • By agrinnall 17th Sep 17, 1:45 PM
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    agrinnall
    2 of the 3........
    Originally posted by G_M

    Meatloaf...2 out of 3 ain't bad
    • Jb_1982
    • By Jb_1982 28th Sep 17, 10:21 PM
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    Jb_1982
    Just an update. I got the contracts through the post to sign yesterday. Seems I was close to exchanging contracts!!

    Aiming to move wb 16/10/2017
    • G_M
    • By G_M 28th Sep 17, 10:29 PM
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    G_M
    I hesitate to burst our bubble but signing the contract is just one step in a 223 step process.

    That signed contract could sit in your solicitor's file for days, weeks or months. The contract will not be 'exchanged' till the other 222 steps have all been successfully completed, not just by you and your solicitor, but every buyer and seller in the chain.............

    Best of luck...
    • agrinnall
    • By agrinnall 29th Sep 17, 8:45 AM
    • 18,543 Posts
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    agrinnall
    I hesitate to burst our bubble but signing the contract is just one step in a 223 step process.

    That signed contract could sit in your solicitor's file for days, weeks or months. The contract will not be 'exchanged' till the other 222 steps have all been successfully completed, not just by you and your solicitor, but every buyer and seller in the chain.............

    Best of luck...
    Originally posted by G_M
    Actually there are 221 steps to go until exchange at step 222, as the 223rd is completion.
    • Scotbot
    • By Scotbot 29th Sep 17, 8:49 AM
    • 131 Posts
    • 95 Thanks
    Scotbot
    When did you accept the offer? It normally takes a couple of weeks to organise the survey and the buyer won't do that until they have an offer on their property i.e the chain below is complete.

    The homebuyers report is the appropriate one for an 80s house. Most likely outcome is it will recommend some sort of maintenance and the buyer will reduce his offer to reflect this.
    • G_M
    • By G_M 29th Sep 17, 7:16 PM
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    G_M
    Actually there are 221 steps to go until exchange at step 222, as the 223rd is completion.
    Originally posted by agrinnall
    Ah - but my figure of 223 steps was up to Exchange only. The number of further steps to Completion is...errr.... another... er.... dammit I've lost count!
    • Jb_1982
    • By Jb_1982 30th Sep 17, 11:54 PM
    • 60 Posts
    • 24 Thanks
    Jb_1982
    We accepted an offer on our house in June, the chain below is complete. Survey was brought forward and is now done, nothing major was shown, buyer is happy. Contracts signed for purchase, just waiting for contracts for sale. Should be with me next week. Starting to get a little excited.
    • Jb_1982
    • By Jb_1982 8th Oct 17, 12:06 AM
    • 60 Posts
    • 24 Thanks
    Jb_1982
    20th October it is then!! Yippee!! Offer remains at asking price despite HBR, buyer is happy.

    Thanks for all the advice peeps.
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