Selling Dilemma

sonastin

If the work that is needed is going to cost £25k, selling for £28k less than a neighbour isn't a bad deal. If there is £30k of work needing doing, your buyers aren't getting a great deal. If there is £50k worth to be done, you are ripping them off. So it really depends on the extent of the work required. Either you let them do the surveys to ascertain how much the work is going to cost (with a condition that they reinstate and damage if needs be) or you let them work on the assumption of worst case - which is going to bring down the price they would be willing to pay. Or you let them walk away. It is your call.

FWIW, the vendors of the place I bought were shocked at the "worst case" price that we put forward so they carried out the necessary survey work themselves in order to find out how much it would cost them to put it right to sell to us at market value. And realised that the worst case was the reality of the situation so we ended up with a massive "discount" because there was more work to be done than they realised.