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Survey report not very good.
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there are several things that we could not have spotted ourselves. On viewing the house we did not consider it a doer upper, but with the list of items listed it would take a considerable amount of time and money to correct them. Just got to wait and see what the vendors response is to the report.0
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How does the surveyor's valuation compare to the agreed offer?0
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it states that this property is considered to be a reasonable proposition provided that the necessary works are carried out to a satisfactory standard - it then goes to list the items highlighted as red.0
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When was the house built?0
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If this was a RICS HomeBuyer's survey - is there a valuation amount in section K? If so, is this the same/more/less than your accepted offer?You were only killing time and it'll kill you right back0
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My 2 pence - With a survey and re-negotiation, I think it depends on if it was obvious prior to the offer.
E.g. If when you walk around the property, the rear patio doors are rotting and obviously in need of replacing, then I think it is rather unreasonable to aks for a reduction after the survey points out the fact the patio doors need replacing. Such an issue was obvious when you made your offer and it should have accounted for it.
But, on the flipside, say there are no obvious sign of damp, but the survey comes back with high damp readings. I think you then needd to get a specialist report, but if there are problems, more than fair to ask for a reduction on that.
But, ultimately, it really just comes down to who wants the sale more and who is better at negotiating.
Good luck!0
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