Our vendor is refusing to help us out with damp problem

mr.broderick

dkny wrote:

If you proceed to buy the house and in future any damaged caused by the untreated damp, you will not be able to claim on your house insurance if it is a direct consiquence of the remidial work not being completed.

There maybe future buyers who will buy the propety who only have a basic mortgage valuation carried out with no further investigation until it is too late. He had probably thought you were not going to investigate this and thought he was plane saling to the bank.

If you have already exchanged contracts then unfortunately then you stand to lose a large amount of your money but if you have only signed the contracts and these are being held at your solicitor you can back out and only lose your search fees and a nominal amount to cover the solicitors input.

If you have not exchanged then i would look at some other houses in the same area and say to him if you do not neagotiate a deal with the work to be carried out with the Damp suggest a 50:50 deal. £2000 each to proceed to completion. If not state you are willing to lose £600 on solicitors fees to find a property with no defects, and that i have found another property and will make an offer today and instruct my solicitor to pull out of the sale, and proceed with searches on the new offered property.

Hope that helps

No wonder the buying/selling process is in the state its in with comments like your last paragraph.

clutton_2

whatever happened to "my word is my bond" ?

you are trying to emotionally and financially blackmail this vendor and you want our sympathy ?

dkny_2

mr.broderick wrote:

No wonder the buying/selling process is in the state its in with comments like your last paragraph.

The problem with the process in this country is the amount of things vendors are willing to cover up and hope they will get away with. And hope that the purchaser will only do the bare minimum survey to get away with it.

If something has come up during a survey you are well within your right to re-negotiate an offer. If you dont like it, tough! you are spending nearly 40-50% of your salary on your dream home. You would expect the seller to be upfront with the possible problems and be open to negotiation of anything come up that they were not aware of.

This does not apply if you are looking at a complete renovation, you pays the price and takes the risks.

mr.broderick

dkny wrote:

The problem with the process in this country is the amount of things vendors are willing to cover up and hope they will get away with. And hope that the purchaser will only do the bare minimum survey to get away with it.

If something has come up during a survey you are well within your right to re-negotiate an offer. If you dont like it, tough! you are spending nearly 40-50% of your salary on your dream home. You would expect the seller to be upfront with the possible problems and be open to negotiation of anything come up that they were not aware of.

This does not apply if you are looking at a complete renovation, you pays the price and takes the risks.

Did you renegotiate after survey?

dkny_2

mr.broderick wrote:

Did you renegotiate after survey?

Please can u read the thread from the top as you are quoting the wrong person, we do not need to renegotiate this was just an offer of advice of what they could possibly do!!!

DKNY

mr.broderick

dkny wrote:

Please can u read the thread from the top as you are quoting the wrong person, we do not need to renegotiate this was just an offer of advice of what they could possibly do!!!

DKNY

I know, i just wondered if you did thats all. Im nosey.