Buyers survey

bap98189

Gordon_Hose wrote: »

I would happily share the survey with a vendor. I would question why an estate agent needs to see it.

The estate agent is the vendor's expert. Their job is to negotiate and advise their client, something they cannot do unless they see the complete survey document.

DRP

I agree. Show the agent the survey.

However, even if the survey valuation is at the agreed price it is still possible to negotiate...

perbinder

DRP wrote: »

I agree. Show the agent the survey.

However, even if the survey valuation is at the agreed price it is still possible to negotiate...

My survey does not have a valuation. It is a private structural survey not a mortgage valuation survey.

perbinder

cattie wrote: »

Ah but the rude idiot as you wish to think of me has had an awful lot of experience in buying & selling property. And you are not talking about giving the survey to another potential buyer, you want to SELL it. As already mentioned, no vendor is going to be willing to negotiate for any issues where the survey has been compiled on behalf of somebody else. Unless of course they are a complete idiot.

Vendors don't need to buy surveys, that's down to the buyer. A vendor is offering the house as it stands, if buyer has a survey that flogs up issues, then they either agree to renegotiate the price to allow for work (and 50/50 split of required works is common) or the vendor says no thank you & then looks for another buyer.

In a rising market, vendors can & do quickly lose patience with pernikity buyers & someone trying to flog them a survey they don't need could annoy many.

As far as buyers are concerned, their solicitor, if a decent one, would warn them that buying a survey commissioned on behalf of somebody else is a sheer waste of money & advise them not to do anything so unwise.

You may have experience but your comments so far have been rude and pejorative. As such I will ignore any comments you make.

perbinder

cattie wrote: »

Ah but the rude idiot as you wish to think of me has had an awful lot of experience in buying & selling property. And you are not talking about giving the survey to another potential buyer, you want to SELL it. As already mentioned, no vendor is going to be willing to negotiate for any issues where the survey has been compiled on behalf of somebody else. Unless of course they are a complete idiot.

Vendors don't need to buy surveys, that's down to the buyer. A vendor is offering the house as it stands, if buyer has a survey that flogs up issues, then they either agree to renegotiate the price to allow for work (and 50/50 split of required works is common) or the vendor says no thank you & then looks for another buyer.

In a rising market, vendors can & do quickly lose patience with pernikity buyers & someone trying to flog them a survey they don't need could annoy many.

As far as buyers are concerned, their solicitor, if a decent one, would warn them that buying a survey commissioned on behalf of somebody else is a sheer waste of money & advise them not to do anything so unwise.

You mention on another thread that you are a solicitor. You really should know better about how to talk to people and not be pejorative even on online forums. Just a suggestion as even online communications can be used to complain to regulatory bodies.

DaftyDuck

House buying... a sure route to hair loss, overeating, high blood pressure, and early death. OP, learn to chill, and think of the illogic of what you are trying on.

Best way to make it less stressful is to listen to the pearls of wisdom cast by those experienced oldies who may be balder than you, fatter than you, more out of breath than you and will probably agruphghgh

perbinder

Quizzical_Squirrel wrote: »

Just have a think about the logic of what you're actually saying.

You want the buyer to purchase a document that is to his disadvantage?

You want him to pay you so that he will willingly accept a much lower price?

You've not done much negotiating before have you?

I have done a lot of negotiating actually. The survey is my ace and why show that ace. I have asked the vendor to organise her own survey or get contractors of her choosing to look at the issues that I have highlighted.

The estate agent has just emailed me to say he wants to see the survey so he can temper the words used by my surveyor, ie he will try to fudge the survey and tell me there is nothing wrong.

perbinder

This is a 2 way process. Until an offer is accepted the estate agent has the control and the negotiating position. After the survey the balance shifts into the favour of the buyer. This is the position that estate agents hate. I am not willing to shift the balance back

Usually buyers get a survey much later in the buying process, usually with a mortgage or they just get a valuation mortgage. I get my survey within a week of offer acceptance as part of the initial negotiations before my solicitor starts charging me for work.

DaftyDuck

Hmmm. I'd not say the balance is as you see it. You have now forked out several hundred quid whilst the vendor has yet to spend a proverbial penny. The house is still on the market, and you are irritating the estate agent, and probably the owner. You have marked your card as a difficult buyer. If you shilly-shally at this stage, the vendor may well tire of silly games, and accept another offer. Even a lower offer from someone who will proceed without faffing about.

If, as you say, the survey picks out clear faults, and the vendor is happy to approach builders and the like to get an estimate of remedial costs, then well & good.

However, an ace (as you term it) is only worth anything if it is played, and to play it you need to show it. Keep it hidden up your sleeve, or carry on trying to sell it to the vendor whilst negotiating with the same (which is one of the silliest approaches I have yet heard) and you'll not make much headway.

I speak as a frequent cash buyer who gets full surveys done by a tame surveyor, usually completed and received within a week of offer accepted, and usually through to exchange of contracts in under a month. The key at this stage is to be clear and open about exactly what you want, state exactly what reduction you want and be willing to back it up with clear, tidy, printed facts.

It's not the time to be precious about "your" survey. Certainly not to try and sell it to the vendors...

fred7777

perbinder wrote: »

The survey is my ace and why show that ace.

Because it's not an ace if you don't show it. Excerpts from the survey and your opinion of the survey are not as powerful an argument as the actual survey.

perbinder wrote: »

My survey does not have a valuation. It is a private structural survey not a mortgage valuation survey.

Then it might not be that much of an ace. A lot of houses have issues a survey would show up. That doesn't necessarily mean that the house is over priced.