Poll for sellers: re-negotiate after survey

avisccs

Hi all. I want to know how people react to re-negotiation after survery. The quesiton is for Vendors/Sellers.

Please let me know whether or not you would re-negotiate after survey?

A: No. I would only sell at the agreed price.
B: Yes, but I would only pay a quarter of the cost of repair for the major problems, such as structural, roof and damp
C: Yes, but I would only pay half of the cost of repair for the major problems, such as structural, roof and damp
Yes, but I would only pay 3 quarters of the cost of repair for the major problems, such as structural, roof and damp
E: Yes, I'm willing to pay the full cost of repair for the major problems.

I assume no one would pay the whole lot of all problems mentioned in the survey report.

keith969

It would all depend on how easy it would be to find another buyer, and also on whether I could afford it - if I had to drop out of my purchase then obviously I'd probably refuse.

chickmug

Most sensible sellers (but some are not sensible) will agree to share the costs raised buy survey providing they are a certain type of costs.

Not costs that are silly that may be 'wear and tear' or those usally associated with a house of the age in question. Not costs like the flat roof will need replacing in 3 years or the boiler in 5 years type of things.

But yes to those issues that the seller just did not know would come up in a survey and that are not obvious on laymans inspection.

poppysocks1

Answer - C. I think its only fair and these issues would only come up again with other buyers if refused to help with any costs.

Jewel_2

Definitely A. If there had been a real major problem with damp etc I would probably claim it on my household insurance and then keep the house on the market for a future buyer.

I do think that surveyors come up with all sorts of things that are taken into account when the property is first valued, I know that if our house that we have just sold had been in perfect condition it would have been worth an extra £60,000 at least (but it's a very old house so doors etc don't fit properly!)

Chickmug, I'm getting scared. Less than two weeks to out and I'm sat at the computer!!!

chickmug

Jewel wrote: »

Chickmug, I'm getting scared. Less than two weeks to out and I'm sat at the computer!!!

Believe it or not I am selling and do this time know how it feels:eek:

jenny74

Jewel wrote: »

Definitely A. If there had been a real major problem with damp etc I would probably claim it on my household insurance and then keep the house on the market for a future buyer.

Except you can't claim for damp on your household insurance!

TighterThanTwoCoatsOfPain

would all depend on if the house was priced initially with the problems raised already in mind. If so then no, otherwise it would be foolish not to!

Jewel_2

jenny74 wrote: »

Except you can't claim for damp on your household insurance!

Lol I didn't know that. Not even buildings insurance?

avisccs

chickmug wrote: »

Most sensible sellers (but some are not sensible) will agree to share the costs raised buy survey providing they are a certain type of costs.

Vendors of 2 of the 2 houses that I like would not give a peny to fix the 'urgent action' in survey report. There might be more 'not sensible' vendors in my area or it's just my luck.

pawpurrs

It very much depends on the house and what sort of things come up, I would only do it for MAJOR work, but all the houses I have sold personally have been in the region of 500 years old, and in good condtion considering, if you are buying a property of that age, a survey report will allways come up with something and you cant expect the vendor to drop the price for every little thing. You have to take a view on it, however if it was structurally unsound, then I would hope I would know and price accordingly.