We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Should I renegotiate?
oddjobold
Posts: 11 Forumite
Hi
Looking for some advice / opinions.
Buying a house that was on the market for 160k. Negotiated the price down to £152500. Got the Mortguage offer and have had valuation and full building survey done.
The valuation was fine but the survey revealed a few issues. Some of the rafers in the main roof are split and there is a couple of holes in the felt.
There is also a flat roof - and someone has put a peak roof straight on top of the flat roof. This is in a deteriorated condition and looks very amateurish. The surveyor says it would not have passed building regs.
We did spot this flat roof issue on a viewing before we made the offer (although did not know it would not have passed building regs). The issues with the main roof only came out at the survey.
I have had a quote to fix these two issues. £1000 for the main roof and £3000 for the flat roof. (we could get the flat roof done a bit cheaper if we demolish the peak on top ourselves)
I am not prepared to pull out (would lose about £1000).
Would you renegotiate? How would you word do it word it?
Also at this stage should I be going back to the solicitor or Estate agent with a new offer?
Looking for some advice / opinions.
Buying a house that was on the market for 160k. Negotiated the price down to £152500. Got the Mortguage offer and have had valuation and full building survey done.
The valuation was fine but the survey revealed a few issues. Some of the rafers in the main roof are split and there is a couple of holes in the felt.
There is also a flat roof - and someone has put a peak roof straight on top of the flat roof. This is in a deteriorated condition and looks very amateurish. The surveyor says it would not have passed building regs.
We did spot this flat roof issue on a viewing before we made the offer (although did not know it would not have passed building regs). The issues with the main roof only came out at the survey.
I have had a quote to fix these two issues. £1000 for the main roof and £3000 for the flat roof. (we could get the flat roof done a bit cheaper if we demolish the peak on top ourselves)
I am not prepared to pull out (would lose about £1000).
Would you renegotiate? How would you word do it word it?
Also at this stage should I be going back to the solicitor or Estate agent with a new offer?
0
Comments
-
Not being prepared to lose £1K is not a good reason to blow £150K, is it definitely the house for you for the next ten years? You are renegotiating with the vendor, usually via the estate agent: could do so in writing, enclosing copies of the quotes.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
-
There are other questions first, how ling had the house been on the market? How desperate are the sellers? Are you prepared them to say no and withdraw the house?
I think that the flat roof is the thing to negotiate on, ask if they have building regs first, if they have then fine if they haven't then split the cost with them of getting it to building regs pass or ask them to do it before you exchange.
However, if they know you won't drop out how likely are they to agree?0 -
Advert was on zoopla from July. Thy dont know I am not prepared to pull out. However to me losing £1k for the sake of £4k seems stupid to me. After all all flat roofes need replacing eventually. ......
Everything else with the house is great.0 -
Advert was on zoopla from July. Thy dont know I am not prepared to pull out. However to me losing £1k for the sake of £4k seems stupid to me. After all all flat roofes need replacing eventually. ......
Everything else with the house is great.
Hi there,
1 - how do they (agent? vendor?) know you are not prepared to pull out?
2 - if they think that, then what reasons do they have to make any reduction?
3 - do you hope to appeal to their better nature and give you a reduction based on what the survey has thrown up?
In any event - good luck!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards