Re-negotiating price after survey? Help!!

garth549

You're not committed yet so definitely re-negotiate, I would! Your offer was made on the assumption that the work needed wouldn't be as costly so i'd say it's more than fair to reduce your offer by the amount it will cost.

atush

I would renegotiate, but i would get a least one roofing quote first.

You are FTB so won't have the xtra to spend getting a new roof and the old one is in a state. you are under no obligation to keep to your offer after the problems the survey threw up.

Go back to the agent and begin again. Tell them you are very serious about buying but do need to take into acct the roof and single skin wall (which you didn't know about ) as these MUST be fixed. You can do the isulation things yourself and don't have to add on for that, but feel free if you want to.

You are the buyer, and have the right to adjust your offer after these findings.

ess0two

zappahey wrote: »

Is the valuation £190k in it's current state or after remediation work is complete. If the former then you don't really have much of an argument.

This seems to be million dollar question.

wackorash84

zappahey wrote: »

Is the valuation £190k in it's current state or after remediation work is complete. If the former then you don't really have much of an argument.

The mortgage valuation is based on the current state of the property.

wackorash84

G_M wrote: »

Consider the option above for the windows, though new double glazing may be a better option, esp if the wooden frames are in poor condition too.

Roof? Get 3 quotes from roofers to replace 30-40 slates. (say 50 to be safe)

Called the 4 different roofing company's. All were charging call out charges (2 for £50 and 1 for £120) Spoke to estate agent about the mortgage valuation and building survey.

Estate agent seems to suggest that the vendor would probably be willing to absorb the cost to repair the roof but because there was no retainer requested by the mortgage company in regards to the condition of the roof, the vendor would definitely NOT negotiate on cost for a re-roof.

Estate agent reccomended a roofing company that they use which would be free of charge. So had nothing to lose and called them up. We'll find out shortly what their reccomendation would be.

In the meantime several of you has suggested to get several quotes, I might go with another roofing company (pay the £50 call out charge) to get an 'independent' opinion and costing. These call out charges would be knocked off on any jobs it seems.

Joec

cant really add much after all of the above, except to remember and bear in mind that while the cost is a high one, it will more than likely include the addition of a DPM (Damp proof membrane) that acts like a breathable layer of material behing the stales / roofing tiles. the only successful way of adding this is by removing and replacing. it cant be added with the roof in place.

If you end up replacing the roof, you could consider the possibility of a loft conversion (changing the roof structure and trusses while the roof is already off). dont dismiss it because it needs a new roof. it will probably last for a good while yet before it becomes a necessity.

All the best

wackorash84

Quick update:-

Just had a roofing contractor to give me their 'expert opinion' on the state of the roof and whether they could repair it at property on Friday last week and they suggested that a re-roof would be the best course of action in terms of cost. Quotations:-

£4k for cement/concrete roof
£6k for clay roof

I expected them to say re-roof, won't they all? I would have thought there's more profit in for the roofing companies when doing a re-roof.

Anyway, the estate agent called me asking me what's the situation since I've had one roofing company around and planning to have another around this Thursday. They also asked me the report of the roofing company.

In summary, I said roofing company recommended re-roof and the cost would be £4k - £6k depending on materials used, so we would need to re-negotiate and we are willing to go 50-50. Estate agent says they will speak to the vendor and get back to me.

*fingers crossed*

wackorash84

Ouch! Just got told that the vendor is not willing to negotiate. Hmmppphhh...me feels there's just too much risk involved.

Am I being unreasonable by asking for a £2k reduction to reflect the cost involved?

Should pull out, I'm going to incur £835 of cost (survey, mortgage valuation & roofing contractor work)

Any advice would be appreciated?

poppysarah

wackorash84 wrote: »

Ouch! Just got told that the vendor is not willing to negotiate. Hmmppphhh...me feels there's just too much risk involved.

Am I being unreasonable by asking for a £2k reduction to reflect the cost involved?

Should pull out, I'm going to incur £835 of cost (survey, mortgage valuation & roofing contractor work)

Any advice would be appreciated?

Say if they don't reduce the price you're pulling out.

And don't buy it.


If work needs doing the price should be dropped.

You'd be better finding a house that doesn't need a new roof. (*As there are always unexpected costs to consider when having a new roof)

LandyAndy

So you've offered £190k and the survey has reported that it is worth £190k?