homebuyers survey request

loulou207

Hi,


I would be really grateful for any advice.

I am only a few days away from completing on the sale of my flat. Everything seemed to be going well but last Thursday my buyer decided he wants a homebuyers survey done. He has inherited the money to buy my flat from a relative who died so he does not need a mortgage.

I am now rather worried because the house that I am buying is the maximum mortgage I could get so can not afford to drop a penny off my flat. I have maintained my property well, it is in good decorative order but the gas central heating boiler is old, probably over 15 years. I need a new toilet put in as the current one is a bit tatty. Nothing major, it works o.k. but a bit of a crack in the cistern (doesn't leak though). I don't seem to have any damp showing on the walls any where in the property and the electrics seem o.k. to me.

I have been saving like mad to pay the fees involved in moving and I now have enough to cover this so no worries there but I could not really afford to have any work done to my flat. My main concern is that the survey will say that my flat is not worth as much as my buyer has offered. Is this likely?

Is there anything anyone could advise me to do to my flat before the survey is carried out to give a good impression?

Thank you in advance.

Loulou

AndrewSmith

Have you exchanged contracts?

loulou207

Hi,

No I have not exchanged contracts yet.

All the searches etc have been done and mortgage arranged for my new house. I thought I would be moving in pretty soon.

Thank you

AndrewSmith

To be honest I would do nothing obvious as it will seem as though you are purposly covering things over.

Your buyer agreed to purchase at the price accepted by you, he is of course at liberty to obtain a survey should he wish. If he does decide to try and haggle down on the price you would need to discuss the validity of his claims with your agent.

I would talk to your agent and raise your concerns with them before the survey is carried out. As they are being paid by you and they know your property they should be in a very good position to tell you if they think there is anything you can possibly do to the property to ensure a good survey result.

Sorry if this doesn't help much

Andy

wanderer

The Home buyers survey will only point out things in general. They will recommend a specialist to look at electrics, plumbing etc. these will cost extra, so most people dont do these.

Robert_Sterling_3

The value of you property is in no was connected with what you actually need in order to be able to buy a new property.
Your buyer is very wise to get a survey done before any exchange of contracts takes place.
He may make a lower offer.
That's life.