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house price negotiation after 3 month extended period
hugebelly
Posts: 1 Newbie
Our offer for 305k was accepted at the beginning of May of a 3 bed victorian house in zone 4 , London.
On the border of London and Kent.
We got a survey done that valued the property at 300k. Then we got another survey done that said there was some damp
that need about 1k worth of work doing to rectify as well as another 3-4k worth of structural work that was needed.
The surveyor also said he didnt have access to the roof and so couldnt say whether there was any work needed doing there.
We tried to re-negotiate the price lower but the vendor would only move to 304k
We were then informed by our solicitor that the vendor hadnt paid a double glazing bill dating back to the mid 80s.
There was a charge against the property that couldnt be removed without a Court Order. We couldt get a mortgage against the
property until the charge was removed. The Court Order couldnt be granted until a Court hearing that would take place
in 3 months time. This was all due to the fact that the double glazer had died and apparently he hadnt left an heir.
Due to the fact that we couldnt complete for 3-4 months we made a revised offer of 285k which was immediately rejected by the
vendor's estate agent. The vendor's estate agent (very pushy - saying that there is lots of interest for this property. it will be soon gone if we don't get it now!!) has since put the property back on the market
(well, online - there is no "for sale" sign outside the house, we have looked).
We have heard from our solicitor that the charge against the property will be removed next week as
an heir to the Double Glazer has since been found who can sign the relevant document to remove the charge.
We would like some advice as to how to proceed please? We have noticed a few more properties arriving onto the market
and communication with the vendors estate agent has now broken down.
On the border of London and Kent.
We got a survey done that valued the property at 300k. Then we got another survey done that said there was some damp
that need about 1k worth of work doing to rectify as well as another 3-4k worth of structural work that was needed.
The surveyor also said he didnt have access to the roof and so couldnt say whether there was any work needed doing there.
We tried to re-negotiate the price lower but the vendor would only move to 304k
We were then informed by our solicitor that the vendor hadnt paid a double glazing bill dating back to the mid 80s.
There was a charge against the property that couldnt be removed without a Court Order. We couldt get a mortgage against the
property until the charge was removed. The Court Order couldnt be granted until a Court hearing that would take place
in 3 months time. This was all due to the fact that the double glazer had died and apparently he hadnt left an heir.
Due to the fact that we couldnt complete for 3-4 months we made a revised offer of 285k which was immediately rejected by the
vendor's estate agent. The vendor's estate agent (very pushy - saying that there is lots of interest for this property. it will be soon gone if we don't get it now!!) has since put the property back on the market
(well, online - there is no "for sale" sign outside the house, we have looked).
We have heard from our solicitor that the charge against the property will be removed next week as
an heir to the Double Glazer has since been found who can sign the relevant document to remove the charge.
We would like some advice as to how to proceed please? We have noticed a few more properties arriving onto the market
and communication with the vendors estate agent has now broken down.
0
Comments
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Find another house?0
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How much do you want the 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
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As silvercar says you need to look at is this the dream house or not. It maybe worht revisitngf market as there is certainly more about than 6 mths ago0
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Find another house. It is a buyer's market according to the numerous Press reports in the past fortnight.This is not financial nor legal nor property advice. Consult a paid professional if in doubt.0
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It is a buyer's market according to the numerous Press reports in the past fortnight.
Supported by anecdotal evidence posted on this Board.0 -
Agree with others. Find another house.0
This discussion has been closed.
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