Buyer has Pulled Out

FACTorFICTION?

Orlando_Virgin wrote: »

Hi All,

Just after some advice really. First time I'm selling a house and I put it up for 110k, managed to agree a price with the buyer for 105k. She was an FTB. They had the survey done, then a timber and damp survey and found that some damp needed sorting and got a quote for £600 via the estate agents. They also said that their mortgage lender had placed a retention on the mortgage for £1900, not sure where this figure came from.

I asked for proof of the retention (in order to prove they weren't just trying it on and so we could come to an agreement) We went back and forth arguing about the £600, and when they stated they were pulling out I offered a split deal. (Even though I still hadn't seen proof of retention)

They agreed to this and yet today the estate agents has called me and said the buyer has pulled out as she has received a quote from a builder saying that there is £2675 of rendering that needs doing. How would they know this? I haven't let a builder on to the property so how could they assess this amount? Anyway, wondering now is it worth getting this damp and possible rendering situation now to prevent a similar re-occurrence?

Many thanks

OV

This is a typical situation.
Make sure you DO NOT have ANY damp work undertaken.

For ANYBODY to say you need work doing is actualy FRAUD!

How have they proven you have rising damp? THEY HAVENT!

To suffer with true rising damp is extremelyyyyy rare!

You need to do as follows.......ask an independant damp specialist for SPEEDY CARBIDE testing. This is the ONLY way to tell if the house has indeed got rising damp.

True testing is carried out and 99% of the time the aparent rising damp is proven to be condensation.

FREE contractors make money from PROFIT from a job ££££££££££££

NO SUCH THING AS FREE! its worth spending a little money to get honesty!

Orlando_Virgin

Thrugelmir wrote: »

Assume that they are looking to render the exterior of the house. So easy enough to view without accessing the property.

What state is the render in? Visibly cracked? Lost majority of stones?

At the back of the house, there is visual cracking. Very limited though, this is the work that I am talking about getting done this week and the next as I don't want it to be an issue going forward.

Orlando_Virgin

Sponge wrote: »

Like others here, I think they were trying it on. If it happens again, don't give in. But you need to be prepared and play it cool. :cool:

What sort of damp survey? A proper one, or a contractor looking for work? Satisfy yourself the work needs doing and what it will cost. Even if it costs you to find out. (There's no such thing as a free lunch.) Same goes for any and all other work. What sort of render work? Fixing, or improving? Does the sale price not reflect the general condition of the property?

A builder, recommended by an EA? Really?? :rotfl:Find your own. One you can trust.

What sort of retention? Witheld, or not? What did their survey value your property at? If it's not witheld and the valuation means the mortgage was a go, then they were trying it on.

I wouldn't have taken their word on anything, until seeing documental proof.

I'm currently dealing with scared FTBs, without a clue, making mistakes, freaking out over every single, little thing and at first I was sympathetic.

The original surveyor advised them that they detected damp on 2 particular walls, so they advised getting a timber survey done. The estate agent recommended this particular guy to them. He came round and did it, told me there was an estimated £600 worth of work that needed doing.

I am going completely off their word at the minute as I haven't received anything I've asked for.

moneyistooshorttomention

Errrm....at that point I am wondering what that cracking looks like.

Reason being, I know of a house that has quite definite subsidence cracking on one (plain brick) wall and its zig-zagging its way down the mortar and there is a rendered wall that also has some cracking and the cracking re-appeared (despite him having had it re-rendered - for no good reason that I could see).

Hence, I am wondering if that cracked render is subsidence or just plain ordinary cracking iyswim.

Orlando_Virgin

moneyistooshorttomention wrote: »

Errrm....at that point I am wondering what that cracking looks like.

Reason being, I know of a house that has quite definite subsidence cracking on one (plain brick) wall and its zig-zagging its way down the mortar and there is a rendered wall that also has some cracking and the cracking re-appeared (despite him having had it re-rendered - for no good reason that I could see).

Hence, I am wondering if that cracked render is subsidence or just plain ordinary cracking iyswim.

My honest answer?! I'm not sure. I have very limited experience. I have just called my friend who is a renderer and he's coming round this afternoon to take a look so I'll know more at that point. I'm not saying that the buyer is wrong to get a quote etc., I'm just asking them to meet me half way and show me then I don't just have to go off word of mouth!

Thrugelmir

Orlando_Virgin wrote: »

My honest answer?! I'm not sure. I have very limited experience. I have just called my friend who is a renderer and he's coming round this afternoon to take a look so I'll know more at that point. I'm not saying that the buyer is wrong to get a quote etc., I'm just asking them to meet me half way and show me then I don't just have to go off word of mouth!

Maybe the potential purchaser is merely factoring in the potential repair cost in a few years time. When I bought my current house 6 years ago. I knew that the roof would need replacing. However didn't argue about this in terms of the price. Still haven't had the need to reroof yet either. Though have had the money put aside all the time.

Orlando_Virgin

Thrugelmir wrote: »

Maybe the potential purchaser is merely factoring in the potential repair cost in a few years time. When I bought my current house 6 years ago. I knew that the roof would need replacing. However didn't argue about this in terms of the price. Still haven't had the need to reroof yet either. Though have had the money put aside all the time.

Well I refused the price reduction of another £2k and they moved on and pulled out. Surprised me really as I genuinely thought that they would be back.

I'm getting really desperate to get this sold now. I've had a sabbatical granted to go travelling in October, and the only thing tying me to this country is this bloody house.

ognum

Orlando_Virgin wrote: »

Well I refused the price reduction of another £2k and they moved on and pulled out. Surprised me really as I genuinely thought that they would be back.

I'm getting really desperate to get this sold now. I've had a sabbatical granted to go travelling in October, and the only thing tying me to this country is this bloody house.

Don't want to sound mean but if you were that desperate why didn't you just take the 'hit' get it sold and move on.

Sorry I just don't get it!

Orlando_Virgin

ognum wrote: »

Don't want to sound mean but if you were that desperate why didn't you just take the 'hit' get it sold and move on.

Sorry I just don't get it!

Because when it happened, I genuinely thought they were trying it on and they just wanted a further price reduction. At the time it could have been a case of, "ok will still have it". I didn't think they wouldn't come back at all.