Seller requesting copy of survey report

solihullbarry

Hi

I'm in the process of renegotiating the price of a property due the findings of a survey. Also the valuation is lower than our accepted offer.

The seller has asked for a copy of the survey. Is this usual?
I have accurately described the findings of the survey but I'm conscious that the seller is getting a free survey if i pass it on.

Should i give the survey in its entirity or should i provide extracts? Does the seller have any right to see the survey? Will it harm our negotiation ability if we don't cooperate?

thanks for your help

Barry

m_13

You may find that the survey says on it that it is for you only and cannot be passed on.

What is it they want to see?

socrates

solihullbarry wrote: »

Hi

I'm in the process of renegotiating the price of a property due the findings of a survey. Also the valuation is lower than our accepted offer.

The seller has asked for a copy of the survey. Is this usual?
I have accurately described the findings of the survey but I'm conscious that the seller is getting a free survey if i pass it on.

Should i give the survey in its entirity or should i provide extracts? Does the seller have any right to see the survey? Will it harm our negotiation ability if we don't cooperate?

thanks for your help

Barry

You can provide them with a copy of the report but cross it in black ink on each page - from corner to corner.

I did this once on a property I bought

pawpurrs

If you are expecting a reduction based on the findings of said survey, I think its only reaonable to let the vendor see it, otherwise you *could* just be trying it on!
They are not getting a free survey, at all, the survey is yours, but you cant just expect some one to reduce on survey without evidence?
What is it that has come up, and what sort of age is the property, most surveys look worrying to the layperson.
Have you talked through the findings with the person who did the survey?

solihullbarry

the survey does indeed say it is for the sole use of the client.

valuation is less than our offer & highlighted a number of things i couldn't have known by just viewing.

djm1972

I appreciate your point about him "getting a free survey", as strictly speaking, and particularly if the findings are significant, he should get his own independent survey done.

I would offer to give him a full copy of the survey but that you will be factoring this into your renegotiation.

I think that's a fair compromise; because if you subsequently do not proceed and the survey findings are significant enough to warrant a lower asking price he may very well obtain an advantage from having a copy all at your expense.

Having said all that, a lot depends on how desperate you both are as buyer and seller. If you have already fallen in love with the property and believe that a successful re-negotiation is possible you could just "bite the bullet" and give him a copy.