Poll for sellers: re-negotiate after survey

Jewel_2

pawpurrs wrote: »

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.

Yes I think that's where I am coming from. In our area, old houses are seen as quite exclusive and ours was a bit 'tired', windows need replacing etc. But it was valued accordingly and for someone willing to do it up and with the cash could make a fair bit. I think perhaps a fairer solution is to get the work done yourself rather than knocking the price down. We didn't budge because we had already budged on the asking price initially.

pawpurrs

It also depends what you agreed the price at for example if someone offered Full asking and you had some wriggle room, or if they had allready knocked off a good discount and there was no wriggle room left, however when that has happened to me I made it clear when I accepted the offer that there would be no renegotiation on survey.

crusty_toenail

a! Although I did reduce by 2.5k after survey last year when selling a house. Then the surveyor valued it for another 2k less, so ended up coming down by 4.5k! cut your losses and run whilst the market is in decline xxx