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Survey and value help
ahusband
Posts: 43 Forumite
Hey, never seen a survey before so the list looks daunting to me...
We had offer accepted of 94000 (was on market at 105000) we are due to complete fri 29th.
Survey says there is:
Japanese Knotweed on adjoining land...
Some walls need replastering (did not spot this)
Floors need more ventilation...
and a few other minor things just need checking for verification.
How bad is the first and third one ? How much would it cost? and should we ask the vendor to pay it/half or reduce their price to take it in to account???
Lastly they valued it in the area of £90,000 which is obviously slightly less than we have agreed to pay.... this isnt an issue for mortgage because we are cash buyers and this is going to be a home as well as an investment so im not worried in the short term.....Let me know what you think pleeeease.
We had offer accepted of 94000 (was on market at 105000) we are due to complete fri 29th.
Survey says there is:
Japanese Knotweed on adjoining land...
Some walls need replastering (did not spot this)
Floors need more ventilation...
and a few other minor things just need checking for verification.
How bad is the first and third one ? How much would it cost? and should we ask the vendor to pay it/half or reduce their price to take it in to account???
Lastly they valued it in the area of £90,000 which is obviously slightly less than we have agreed to pay.... this isnt an issue for mortgage because we are cash buyers and this is going to be a home as well as an investment so im not worried in the short term.....Let me know what you think pleeeease.
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Comments
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Knotweed-google it, it's really really serious and if it gets on your land it is horrendous.
Floors: I'm not sure, best to get quotes I think
Personally I would get quotes and try and negotiate the price down to the valuation.Scar tissue that I wish you saw, sarcastic mister know it all, close your eyes and I'll kiss you cause with the birds I'll share this lonely view.0 -
Hi, you got to pay the valuation or below. Can you afford to throw money away? The property will be a few thousand cheaper next month, so the price you pay should take this into consideration.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Japanese Knotweed on adjoining land...
Alan Titchmarsh has been quoted as saying there is only one way to get rid of this problem, move house.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Japanese Knotweed on adjoining land...
Well, that's a valid observation, but hardly the seller's fault/problem. It's not on the land you're buying and can be controlled. The Environment Agency has guidance on this. It can be controlled with good old-fashioned glyphosate - although multiple applications might be needed.
If I were the seller, I would not entertain any discussion on price for this issue.Some walls need replastering (did not spot this)
Why? If you did not spot it, what is so wrong that replastering is necessary? Or do you (or the surveyor) expect all the walls to be "show-home condition"???
Floors need more ventilation...
The surveyor needs to tell you more ... why? And what is necessary?Lastly they valued it in the area of £90,000
Why? Is it to reflect "necessary work" or is it this value anyway?
It's fairly normal for a mortgage valuation to be less than the price that the seller & buyer have agreed, but it's important that the surveyor explains to you why they have arrived at this value.
Can you discuss with them?Warning ..... I'm a peri-menopausal axe-wielding maniac
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