To give vendor a copy of Home Buyers Survey Report or not?

Bea787

Hi all,

Can you advise whether it is usual/recommended or in what circumstances you might expect to give a vendor a copy of your Home Buyers Survey Report. I had an offer accepted and paid for a survey and the report raised various issues and various specialist quotes that are recommended. I am asking the vendor to meet me halfway (well, less than half way but that's another matter) in getting some of these things done. If they ask for a copy of the report (either now or if I later try to renegotiate an offer on the basis of the required work), is it recommended practise to provide one or not?

I can see both sides - 1) that without it a buyer could try to pull a fast one and say anything was recommended and try to get a vendor to do it when it may not be such an issue (just to be clear I am not doing that and have been completely honest about what is stated!), but 2) that if they do not agree, or even say they can not proceed with the sale and remove the house from the market or whatever, you have basically gifted a stranger a survey of their home.

What is usual/recommended?

Thanks as always ...

Fire_Fox

Welcome! No you don't usually, you could photocopy a section or let their estate agent see the relevant section to verify what you say. But you should be negotiating on the basis of the quotes you commission for the work the surveyor says needs doing, the survey is only giving you a vague guide as to cost. You organise a local builder or other tradesman to inspect, then you can give copies of the itemised quote to the vendor.

hcb42

I have just sold my house, my buyers did give me a copy of the survey, I met the price quoted immediately. Seems to me if you want it, do it!

I dont see the point about being gifted a survey, The seller doesnt need a survey....

JQ.

Fire_Fox wrote: »

Welcome! No you don't usually, you could photocopy a section or let their estate agent see the relevant section to verify what you say. But you should be negotiating on the basis of the quotes you commission for the work the surveyor says needs doing, the survey is only giving you a vague guide as to cost. You organise a local builder or other tradesman to inspect, then you can give copies of the itemised quote to the vendor.

As a vendor there's no way I'd let you renegotiate on price with just extracts of the report, it's the whole report or no negotiation.

There are plenty of valuation reports that will list faults at the property, but then conclude that the price agreed is fair and reflects those faults, as such no renegotiation needs to take place.

OP - what exactly do you think a vendor is going to do with the report if the sale does fall through - they can't use it, as it's not addressed to them, so is totally worthless.

gooner63_2

JQ. wrote: »

As a vendor there's no way I'd let you renegotiate on price with just extracts of the report, it's the whole report or no negotiation.

There are plenty of valuation reports that will list faults at the property, but then conclude that the price agreed is fair and reflects those faults, as such no renegotiation needs to take place.

OP - what exactly do you think a vendor is going to do with the report if the sale does fall through - they can't use it, as it's not addressed to them, so is totally worthless.

They can use it...in defence when the next survey picks up even more problems !

JQ.

No they can't because it's not their's to use. It will clearly state within the report who it can be used by and any surveyor acting for a new buyer will happily point that out to them.