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survey report came up with smaller issues (going to cost around 2 to 3K?)

home2013
Posts: 33 Forumite
Should I negotiate on the accepted offer of 168K, and ask for 2 or 3K reduction?
Survey report clearly stated issues like, damages in boundary wall, rusting radiator... etc.. Some of them are expected in a 40 year old property and some other are unexpected.. (An approximate estimation to fix them seems to be around 2 to 3K).
What is the best thing to do forward, ignore it and spend it yourself after you move in.. Or negotiate?
No serious issues noted in survey which is a good news.
Also because of a leak in WC cistern there are signs of dampness which is fixed earlier this year. Going to ask them more details about insurance claims and other details, but not expecting to spend any money for that.
Survey report clearly stated issues like, damages in boundary wall, rusting radiator... etc.. Some of them are expected in a 40 year old property and some other are unexpected.. (An approximate estimation to fix them seems to be around 2 to 3K).
What is the best thing to do forward, ignore it and spend it yourself after you move in.. Or negotiate?
No serious issues noted in survey which is a good news.
Also because of a leak in WC cistern there are signs of dampness which is fixed earlier this year. Going to ask them more details about insurance claims and other details, but not expecting to spend any money for that.
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Comments
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If it was me, i wouldnt ask. Were any of them classed as a 3 on the report?.0
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Depends where you're buying really. If you're in London I personally wouldn't bother. They'll probably go an find another buyer. If you're in an area where people are struggling to sell it might be worth a go.
That said I don't know how realistic it is to move into a house and expect all to be perfect. There's always going to be a few little things. Knocking much off for a rotting boundary wall or some rust on a radiator is slightly unrealistic for me.0 -
if there are no serious issues flagged on the surevy , you will probably struggle to convince them to accept a lower offerNever, under any circumstances, take a sleeping pill and a laxative on the same night.0
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Were any of the problems flagged as 3 on re report?
Who gave the estimation for repair costs?
Does the report state these need fixing now or in the future as part of general upkeep and repairs?
Was the valuation affected by the repairs?0 -
where did the figure of £2/3K come from? You wont get a reduction for a rusting radiator, what else was flagged up?0
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If the house is being marketed as 'perfect' then go ahead and ask. You don't get nothing without asking..
On the other hand, you will most likely get the quote "its priced accordingly" (read: 'NO').
Realistically is the price about right for the condition of the property?0 -
IMHO as it's not a new house, why should you expect everything to be as new? If we'd asked for reductions for every little thing *wrong* or in need of fixing with this house, we'd have most likely got it for next to nothing, LOL!Mortgage-free for fourteen years!
Over £40,000 mis-sold PPI reclaimed0 -
phoebe1989seb wrote: »IMHO as it's not a new house, why should you expect everything to be as new? If we'd asked for reductions for every little thing *wrong* or in need of fixing with this house, we'd have most likely got it for next to nothing, LOL!
agreed. House prices are usually priced to reflect their condition.
blimey, you should see what needs fixing on the house we're looking to purchase0 -
If it was me, i wouldnt ask. Were any of them classed as a 3 on the report?.
Yes, Roof structure, mainly because it doesn't have longitudinal bracing, ventilation, lower than standard insulation.
Around 2 to 3K of expense to correct issues includes this also, just did a search online, not sure, I may be completely wrong in the calculation.0 -
If the house is being marketed as 'perfect' then go ahead and ask. You don't get nothing without asking..
On the other hand, you will most likely get the quote "its priced accordingly" (read: 'NO').
Realistically is the price about right for the condition of the property?
Yes, almost I believe, but it depends how much we end up spending really (the only thing I did is online search to arrive at 2 or 3K.. ), but never owned a home or did related work earlier, so I'm not sure..
And the house is not marketed as either 'perfect' or 'not perfect', as like most other houses0
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