We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
I think I've just been gazundered....
Comments
-
Why not just offer them 1k off to cover the flat roof repair.
How about the OP considers doing this themselves?Get them to fax a full copy of the survey to you. They will be very reluctant to do this, but you can state plainly that if they want you to consider any reduction based on this 'evidence' you will need to see it.
The survey will also include a valuation. If that is the same/above your agreed price, then you should negotiate around that. If not, just ignore.
The valuation is for the bank and not the seller so there is no requirement of the buyer to provide this.
We renegotiated ours despite the valuation coming back in line with the original offer price. The offer was made without the knowledge of expensive defects and hence the purchasers can do what they please.Thinking critically since 1996....0 -
I agree with Incyder. Naturally, being first time buyers, they've probably got the survey back and had a heart attack when they've read about the roof. And if the flat roof needs immediate replacement then they're perfectly within their rights to ask for a reduction to fix that. However, I think that they're chancing it asking for 6K off... but if you don't ask, you don't get I suppose!
I'd offer them a 1K reduction as a final offer - it shows that you've understood their concerns, but it doesn't completely drain you of resources. There's no point selling up and being so skint that you have to beg/borrow and leave yourself heavily overdrawn. If the boiler went bang in your new house in a few months time then you'd be scuppered.0 -
somethingcorporate wrote: »
The valuation is for the bank and not the seller so there is no requirement of the buyer to provide this.
The OP stated that this was a full structural survey, therefore the valuation is for the buyer (and may also serve to satisfy any mortgage provider). The buyer is free to disclose this to the vendor, or to withold it as they wish.
However if it is this survey that is being used as evidence of the house's condition, then, as vendor, I would expect to see it before any negotiation based on the survey result.... and if it was missing the final page and valuation, I'd have a sneaking suspicion that the valuation supported the agreed price (or more!)
As a negotiating tactic it works. You are appearing reasonable, open to a possible reduction in price; they may simply drop the request for a reduction, rather than produce evidence that may undermine their position.
If they produce the full report, and it supports a lower valuation, then you're not committed to giving that.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards