"Help me if you can..."

Martin_OB

Hi guys,

Just had my survey back through the post. I know there's a certain etiquette on here - as people believe that once a price has been agreed - that's it.

My situation is slightly clouded by the fact that the vendor has offered to pay for any work that needs doing to the property. Now, I am not sure whether she means that the work will be done before we move in - or that it will be knocked off the agreed price. I'll leave that for you to decide...

The survey has shown that the electrics in the house are unsatisfactory; that the dormer wall tiles need to be replaced; that the ground level adjacent to the porch and dining room should be lowered (for dampcoursing reasons); repointing of chimney and extension - plus roof edges and step flashings is needed and there are borderline damp meter readings/condensation in the extension.

Seeing as it's been almost two weeks since this survey was carried out - the EA has been calling me constantly over the past few days to see whether it has arrived.

My question is - what do I do now? Should I tell the EA what has been mentioned in the survey - or just inform my solicitor and get him to do the liasing for me?The cost of the solicitor isn't a factor.

Thanks again...

hex2

I would talk to the EA, need to get some quotes in for what it is going to cost you (or her). Is it subject to a mortgage, are they holding a retention, do they feel the property is appropriately priced before these works are done?

uncle_ben_2

Sounds like good advice hex2.

Martin_OB

Yes...thank you. It was good advice.

Our mortgage providers are not holding a retention, but the vendor did say that she would correct anything that the survey showed - so I will give the Estate Agent a call and talk it through with them.

Fingers crossed...

Martin

mr.broderick

If i was your vendor I'd be renegotiating the price, you know like buyers do after down values? Lets be honest most of the posters on here see surveys as negotiating tools, i dont by the way, i guess it works both ways..

benood

Ask your surveyor to indicate prices to do the work - in my experience he/she will if you ask. The other thing to think about is how serious are the issues the surveyor raised. I agree that the survey is a negotiating tool but you need to know what the seller's expectations are before you immediately ask for all the costs - some of those items don't sound that serious.

mr.broderick

benood wrote:

Ask your surveyor to indicate prices to do the work - in my experience he/she will if you ask. The other thing to think about is how serious are the issues the surveyor raised. I agree that the survey is a negotiating tool but you need to know what the seller's expectations are before you immediately ask for all the costs - some of those items don't sound that serious.

Am i missing something here?

Purchase price 141 k actual valuation 150k?
Isnt it the vendor that should be asking for more?
Or does it only work one way?:rotfl:

mr.broderick

Oh hang on martin has kindly edited that bit out so he's made me look absolutely mental, Just for people who never read this earlier. Purchase price 141k, actual valuation was £150k..very odd i must say.

CB1979_2

personally would rather get a knock down on the price and get the work carried out yourself (unless she can offer any guarantees on the work).

would rather know that the work was done properly rather than bodged to make it look like it's been done!

goldbyron

There is that point - however it is also a lot of hassle to get the work done. I would be happy for them to do the work and show certificate/guarantees of all work carried out.