buyer wont accept offered indemity on conservatory

sunshinetours

Really depends on what your contract says. There would have been a minimum contract period I am guessing - just saying you may want to watch out for this and maybe get your solicitor to check if you are worried before you pull out

clarabelle41

Ok thanks. Will do.

DaftyDuck

Normally, the proceedable buyer bit applies when the vendor pulls out on an agreed price, not when the purchaser tries to knock more off... Check, but it shouldn't apply in this case.

clarabelle41

A potential scenario: they continue to reject the 2 previously offered indemnities and their solicitor doesn't produce anything either but then they try to reduce the price further, which we will likely refuse, then we will give them 48 hrs to proceed or walk away. In that case are they classed as proceedable?

sunshinetours

DaftyDuck wrote: »

Normally, the proceedable buyer bit applies when the vendor pulls out on an agreed price, not when the purchaser tries to knock more off... Check, but it shouldn't apply in this case.

No OP is now talking about not selling and extending. Agent may argue they have introduced a proceedable buyer. Just saying they should check it out before doing anything

DaftyDuck

But the proceedable buyer will only buy at a price lower than that which was (provisionally) agreed.

Any agent can claim buyer X would have bought your house; all you had to do was take a 75% cut in price.

Contracts I have had always made it conditional on either the asking price being offered (but rejected), or an accepted offer subsequently being rejected.

sunshinetours

Indeed you changed the contract so as mentioned OP needs to check her contract

clarabelle41

Update: our solicitor was finally able to offer an insurance indemnity that has been accepted & we are paying for. But now they want £8k reduction because of the survey flag ups. We had previously accepted their offer of £240k, which was 10k off the asking price. Our EA had asked us to get written quotes to put the other issues right & I have asked for a breakdown of how they reached this figure, but nothing forthcoming yet. I suppose the obv answer is to stand my ground & refuse to go lower? Suggestions pls.

Furts

Hi Clarabelle
Following the thread it may help if you are aware of a significant difference between an inspection chamber and a manhole. It is all to do with their intended purpose, their depth and how they would be viewed under the Building Regulations and good practice. I will not bore you with the details but it does flag up...

Has the situation been correctly identified regarding what is required in this location?

In simple terms, what is the depth between the bottom of the incoming pipe into the "manhole/inspection chamber," and the lowest point in the bottom of the chamber.

What are the dimensions across the "manhole"?

What is the "manhole" made of?

My apologies if this all seems pedantic...but it does matter!

Hope this helps!

motherofstudents

It seems like they are intent on reducing the price one way or another. Get the quotes (where on earth have they got £8k from) and see how much any work would cost. It's then up to you whether you agree to reduce or not. If I have read this properly, the indemnity will cover any problems with the conservatory so that only leaves the doors and water tank ? Was there anything else because that certainly doesn't come to £8k.
eta just remembered the boiler. 12 years old isn't old for a boiler as long as it's working ok, I know what I would tell them.