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Valuation reports ?? whats the nxt step?
tonihudson278
Posts: 4 Newbie
I Am A Ftb In The Process Of Purchasing A Property In Cleveland And Have Just Had The Valuation Report Which Has Stated The Property Has Some Damp But They Are Still Agreeing To Lend Me The Money, How Do I Find Out How Bad The Damp Is? And Does The Vendor Pay For This? The Process Of Buying A House Seems So Long, I Put The Offer In Jan And Only Just Got The Report.
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Comments
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Is this the valuation report from the mortgage company? Or your own survey?
I imagine this is from the valuation report of the mortgage. I would recommend that you get your own survey done and see what they come back with.
It does seem like a long time to get your valuation report back? A mortgage valuation can take a while to obtain, but a personal survey can be arranged in a day or two.Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
You will need to arrange for a damp proof specialist to look at the property to give you a report on the damp. This isn't something you would expect the vendor to do. The estate agent may well have the details of a reputable damp proof company & can arrange for the property to be looked at on your behalf. Otherwise look for a reputable local firm who offer free advice.
If there is a damp problem that is anything other than minor then you can try to negotiate with the vendor to meet half the cost of any remedial work.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0
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