Vendor refuses.what can I do now?

John_M_Business

Forget about the report. Take another look at the wiring. If you feel it needs attention then drop your offer price - after all it's only 0.5% of the overall value of the property.

If, however, you feel that the surveyor has been - shall we say - overly aggressive on the survey, then perhaps you should overlook this.

Additionally, if the electrics is the only thing that the survey has come up with then you shouldn't be too worried about it. It means the house is in good nick.

wanderer

Thanks . I am waiting to see what happens

wanderer

The vendor has agreed to do the urgent works needed. So thats one hurdle over.
Thanks to everyone who wrote

lolaborro

I had exactly the same problem a few years ago with the windows, the vendor didn't want to reduce the price, so I threatened to pull out, you have to do it rightly though, you have to pretend you are panicking and hint to them (or the agents) that you truly believe the the house may have some serious problems appart of that one. If your vendor is buying another place, they also risk loosing that property and the money they have already spent in it, so you have nothing to loose by trying.

It worked for me, I had to negotiate the reduction on the price, but I got a good chunk off.

MiserlyMartin

greenwich wrote:

Not all such reports should be taken at face value. It depends on who wrote it and how much business they were trying to create for themselves. Almost any house more than a few decades old will have electrical wiring that doesn't pass modern tests. Doesn't mean it's unsafe. There was a watchdog programme a few years ago where they did secret filming at a training course for electricty company employees. They were told to call themselves inspectors rather than salesmen, tell the customer that work needed doing right away as an emergency and take advantage of the customer's worry by immediately signing him up for expensive work.

Your vendor is obviously not a mug. Find out how long he has been living safely in his house and then ask yourself whether the wiring will suddenly become unsafe as soon as you move in.

This is very true. You'll find that even a house with a relatively modern RCD fuse box etc... the surveyor will pick fault at. Surveyors reports are over the top these days.They are more about avoiding being sued. And electricians reports well, they just want the business. No, the house is not about to blow up with an electrical fault I'm sure. I had this problem with one of my past buyers. But then property prices were rising so fast that for all the faffing around the property had risen above what it was originally marketed, so no way would I accept a reduction. (I should have really raised my price, but didn't) But in your case we are in a falling market and a difficult market in which to sell so there may be some desperation on the part of your vendors.

***Just seen that you have resolved this, ah well I will keep my advice up there anyway! Good luck anyway hope it goes well.***