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!

Buyer's survey has returned some random things...

13»

Comments

  • The surveyor is obliged to report on what he/she sees. Your miffed but at the end of the day if you were the buyer and the surveyor didn't point any defects out, you bought the property and found a whole host of problems it would be you as the buyer that would be miffed.

    The buyer can interpret the survey how they want. Unless the property has been overvalued its up to you as the seller whether you want to enter into negotiations or not. And equally it's up to the buyer whether they want to continue with the purchase or not.

    P.s just because something looks good to the average human eye does not mean it's actually been repaired properly.
    An opinion is just that..... An opinion
  • LDO
    LDO Posts: 27 Forumite
    The surveyor is obliged to report on what he/she sees. Your miffed but at the end of the day if you were the buyer and the surveyor didn't point any defects out, you bought the property and found a whole host of problems it would be you as the buyer that would be miffed.

    The buyer can interpret the survey how they want. Unless the property has been overvalued its up to you as the seller whether you want to enter into negotiations or not. And equally it's up to the buyer whether they want to continue with the purchase or not.

    P.s just because something looks good to the average human eye does not mean it's actually been repaired properly.

    The report has no valuation. The buyer apparently instructed the surveyor not to carry one out or possibly just not to put it on the report. So we don't know what we're dealing with. If it's the latter, I'm guessing it was valued up, otherwise they would have hit us with the down valuation immediately.
  • Personally I'd stand your ground in terms of price, but then again that depends on how desperate you are to sell... Did you have a lot of interest beforehand, any other offers? everything they've mentioned does not add up to enough to reduce the price. If they're expecting to buy a house and not spend any money on it then perhaps they've got their hopes too high.

    Obviously without seeing the detail, these appear to be minor issues on the face of things.
    An opinion is just that..... An opinion
  • Tbh it does all sound quite trivial. If I were you I would forward copies of the requested documents and put a letter in explaining about the work you've had done and why they shouldn't be too worried about it. Stick to your guns on the price. I'd write a letter as I'm a first time buyer and dealing with the ea as an intermediary has been very hit and miss, mainly because they weren't really explaining things properly and putting huge amounts of pressure on us. It's frustrating dealing with them, to the point were I pulled out the sale until the ea rang me to explain I'd 'misunderstood' the point she was making. These guys really play fast and loose with people!
    November 2017 NSD 2/8
  • DRP
    DRP Posts: 4,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    yes , write an email and ask the EA to forward it.
  • The chimney is the only issue that would bother me. Essentially does your selling price account for these issues. If you feel they do then just say your price already has these issues built in.

    If you are desperate to sell due to chain issues thrn you might want to negotiate in order to ensure you don't lose out on your dream home.

    Only you can assess the situation
  • annie123
    annie123 Posts: 4,256 Forumite
    1,000 Posts Combo Breaker
    Personally, I wouldn't trust an Estate Agent who had put such a derisory initial offer to the vendor. This sort of firm can egg on the buyers, probably knowing their real limit, to reduce their offer further in the hope of clinching a sale. Agents obviously haven't sized up the OP very well, and are taking him/her for a fool.

    EA are required by law to put forward all offers, even if it was £5!

    The buyers may be able to afford £50k more and the agent may, or may not know that, but it doesn't mean the buyers think the property is worth more than they are prepared to pay for it.

    The acceptance of any offer is the sellers decision.
    There is no benefit to the EA to sell the property for less. They usually get paid a % of the fee, the higher the sale price, the greater the fee.

    It can be cheaper for the seller sometimes to reduce the price rather than start a new sale due to solicitor costs for example. Again it is the sellers decision.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.6K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 599.9K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.