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How much to offer?
didgemaster
Posts: 58 Forumite
Hi
I'm thinking of buying a house. It was originally on the market for 185000 and it is an end of terrace house.
We had a second viewing and noticed some damp in the dining room and the bedroom above - I think this may have been caused by a flat roofed extension that used to be joined to the house that has now been replace by a slate roofed extension. Also we saw that the outside wall was bulging slightly which set the alarm bells ringing. We pointed this out to the estate agent who said he would get back to the vendors.
This week the estate agent has got back to us to say that a structural engineer has looked at the house and says that a tie had caused the cavity to collapse that has caused the chimney stack to lean over and make the wall bulge.
The vendor is going to have the chimney and the outside wall taken down to the level of the 1st floor ceiling and have it rebuild. The estate agent has said that the vendors have said to him that they will now be asking £180000 for the property and would I like to make an offer.
I do like the property but the chimney fault concerns me. Being a Victorian terrace ties within the walls are going to corrode but I can not be sure that this problem will not occur in the rest of the house.
I thought that I would get back to the estate agent and ask that the vendor have a full structural survey done after the repairs have been carried out to see if more collapsing of the cavity walls might have occurred (damp in the dining room and the bedroom above?)
If this is satisfactory i.e. I get a report to say what the problem was, what remedial work is going to be carried out and a full structural survey to be carried out how much do you think I should offer for the house?
I'm thinking of buying a house. It was originally on the market for 185000 and it is an end of terrace house.
We had a second viewing and noticed some damp in the dining room and the bedroom above - I think this may have been caused by a flat roofed extension that used to be joined to the house that has now been replace by a slate roofed extension. Also we saw that the outside wall was bulging slightly which set the alarm bells ringing. We pointed this out to the estate agent who said he would get back to the vendors.
This week the estate agent has got back to us to say that a structural engineer has looked at the house and says that a tie had caused the cavity to collapse that has caused the chimney stack to lean over and make the wall bulge.
The vendor is going to have the chimney and the outside wall taken down to the level of the 1st floor ceiling and have it rebuild. The estate agent has said that the vendors have said to him that they will now be asking £180000 for the property and would I like to make an offer.
I do like the property but the chimney fault concerns me. Being a Victorian terrace ties within the walls are going to corrode but I can not be sure that this problem will not occur in the rest of the house.
I thought that I would get back to the estate agent and ask that the vendor have a full structural survey done after the repairs have been carried out to see if more collapsing of the cavity walls might have occurred (damp in the dining room and the bedroom above?)
If this is satisfactory i.e. I get a report to say what the problem was, what remedial work is going to be carried out and a full structural survey to be carried out how much do you think I should offer for the house?
0
Comments
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er, I would tread carefully here.
Is 180k for a similar place a reasonable price in the area, type etc? Has it already been reduced to take what sounds like some expensive work into account?
Personally I would never take the vendor's structural survey as any type of guarantee. I'd make a competitive offer and should it be accepted instruct a full structural survey and take it from there.
If there's major work still to be done you can then deduct from your offer.0 -
er, I would tread carefully here.
Is 180k for a similar place a reasonable price in the area, type etc? Has it already been reduced to take what sounds like some expensive work into account?
Personally I would never take the vendor's structural survey as any type of guarantee. I'd make a competitive offer and should it be accepted instruct a full structural survey and take it from there.
If there's major work still to be done you can then deduct from your offer.
The vendors are paying for the work to be carried out. I would insist on an independent NICS surveyor to carry out the survey at the vendors expense. 180k is a reasonable asking price but what I am asking is what would be a competitive offer0 -
If I offer £165000 do you think that I won't be taken seriously0
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If you want to buy and have the problem sorted, get your own survey and quotes for the job. Then make an offer on the basis that you have the work done. It is never good to have vendors do essential work in order to move on, they are focussed on getting out and as long as it looks vaguely right, they are not bothered. If the job goes wrong, you also have a bigger problem getting the builder to come back and the builder who gets the job is less likely to be one who will come back.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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That would be well and good but no mortgage company would be willing to give a mortgage on a house with a structural default0
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