Shall we renegotiate the price?

Doozergirl

Sorry if I got the wrong end of the stick

They do say that only one in five house purchases involve a proper survey. I think option 1 .

madfrenchgirl

yeah. a tad inconsiderate not to get a proper survey done!

and a lot of people whose house got caught up in the Birmingham tornado did not ahve house insurance! :eek: !!!!!!?

and dont worry about getting the wrong end of the stick, i am very well-known among my relatives for not making much sense! :j :rolleyes: :rotfl: :A

andycarmi

madfrenchgirl wrote:

jennifer,

the house was marketed at 145k, we tried to make an offer of 143k but they said they did not want to lower it further than the asking price because they wanted to facilitate a quick sale and did not have time for the haggling game.

I take it this was said before what you now know about the work? New infomation as come to light!

We put an offer in for our second house 10,000 less that the asking price. The lady accepted this as with the condition that she would not go any lower when the survey came back no matter what it said. We agreed.

The survey came back with things were already knew would need doing ie, electrics,central heating bla bla hence the lower offer. But some work needed doing and roof work which we had not budgeted for.

We then asked for another 5,000 off even tho she said she wouldn't go any lower. Anyway she got back to us and said if she could see a copy of the survay and a quate on letter headed paper she would drop the price, Anyway my point is they may have said that but things happen that make people change there mind. I would consider testing the water!

Good luck.

B52

Good luck Madfrenchgirl!

Keep us posted.

On my case, we still have not received the homebuyers survey report yet but our MA informed us today that the estimated value was 3K less than our offered price. But then if we sort out a few things, (i.e check electrics, damp and replace some bricks on side allevation) the lender will value it at our agreed price.

We do not really want to negotiate the price with vendor because we only offered 83% of asking price and was accepted on the same day. (MA strongly advised us to renegotiate the price though.)

We will wait for the quotations to come back and see if it is a big surprise first.

tomstickland

Well, the house has been in its current condition for a long while, so I wouldn't be overly worried about the work that needs doing. It all comes down to whether you think the agreed price + the work that needs doing is still an acceptable price.
I'd see if they'd go halfway on the £1700.