We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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!
Help needed..
cushde
Posts: 36 Forumite
Hey all
We are first time buyers and have put an offer in on a house only for the survey report to come backs as 5k less of the valuation price and the mortgage company (GMAC) requireing a damp and timber report to be carried out. They have knocked off 2k of the mortgage. Its so god damm stressful as we had high hopes for the house.
Now after GMAC contacted my adviser with the report they called me with all the info that the survey said, and told me to contact the EAs to try and negosiate with the seller, into bringing the price of the property down.
So i called up the EAs, only to be told that "you need to know , who you are dealing with before you try and negosiate with the seller" as apparently he has refused ALL previous attempts at lowering the price by other interested parties. They also require a survey report to show to the seller as bargining power.
GMAC have refused to send out the survey report (which i paid £245 for!) either to me or my solicitor, never mind the EAs or the seller.
I am not sure what the best way forward is now.. i mean should i just give up on this and get back on the search? or should i try and reason with the seller. The seller does not live in the property. It just seems that £245 is down the pan, what happens if the same thing happens with the next property i put an offer in? £245 a time i cant afford, as a first time buyer my budget is very limited.
Please help!
We are first time buyers and have put an offer in on a house only for the survey report to come backs as 5k less of the valuation price and the mortgage company (GMAC) requireing a damp and timber report to be carried out. They have knocked off 2k of the mortgage. Its so god damm stressful as we had high hopes for the house.
Now after GMAC contacted my adviser with the report they called me with all the info that the survey said, and told me to contact the EAs to try and negosiate with the seller, into bringing the price of the property down.
So i called up the EAs, only to be told that "you need to know , who you are dealing with before you try and negosiate with the seller" as apparently he has refused ALL previous attempts at lowering the price by other interested parties. They also require a survey report to show to the seller as bargining power.
GMAC have refused to send out the survey report (which i paid £245 for!) either to me or my solicitor, never mind the EAs or the seller.
I am not sure what the best way forward is now.. i mean should i just give up on this and get back on the search? or should i try and reason with the seller. The seller does not live in the property. It just seems that £245 is down the pan, what happens if the same thing happens with the next property i put an offer in? £245 a time i cant afford, as a first time buyer my budget is very limited.
Please help!
This Ladder is quite a !#£$$ to get on!
0
Comments
-
Please excuse the bad spelling its 1230am and this is something that has been going around in my mind all day. I just do not know what to do.This Ladder is quite a !#£$$ to get on!0
-
If you paid £245 you have probably only had the valuation done, and not a Homebuyers Report. The valuation is for the lenders purposes, and I think it 'belongs' to them. It will only have the briefest of information, but I'm not sure why they wouldn't let you have a copy.0
-
GMAC HAVE to give you a copy of the Valuation report - i have several GMAC mortgages and have always had copies - you paid for it you are entitled to it - get onto a supervisor and kick up !!!!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.4K Work, Benefits & Business
- 598K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards