Can i withdraw from sale?

gary224

agrinnall = thanks alot for that, i will do that

in terms of other points. the surveyor said the boiler has especially bad as well as electricity. he said the true value of the house is a few thousand less than my offer.

in comparison to similar houses in Nottingham in that condition, it seems i have over bidded. the boiler did look very old when i saw it, underneath, its even worse

surveryor confirmed all this in follow up emails i had with him

Mallotum_X

Worth trying to renegotiate, but be ready for the estate agent to tell you the price reflects the age of the boiler and electrics. In which case you can ask why they were not pointed out before survey.

Why did the other bidder pull out, was it after a survey, worth finding out if you can.

If there are similar places cheaper then you can use that as part of your argument, but presumably you had been aware of these when you made the offer.

Remember the agent works for the seller not for you and will try and talk you round. As with any negotiation, be clear in what you want and be prepared to compromise.

ConfusedofYorkshire

If the valuation is less than the offer then you are in a great position to renegotiate. We got 3k off our house even when the valuation matched the offer price.

googler

You offered £66k. What's the valuation figure?

If the valuation is less than £66k, your lender will only lend to the valuation, so can you make up the difference in cash?

If not, there's your prime negotiating tool.

gary224

valued at 64,000 by the survey guy

my bid 66,500

yoshiyella

If you are buying my house then no you cannot withdraw

justjohn

don't show estate agent survey report. Ask for 4k off and tell them why.

Sit back and wait.
if they argue about the pennies, say best you can do is 3.5k off. As you are skint and can only just manage the mortgage. The previous buyer may have also pulled out due to the survey so the EA may be fully aware of the boiler/electrics situation.

As someone else has said be careful how you interpret the survey. Surveyers never go out on a limb and never put themselves in a situation were they could be at fault. (surveys are almost always sketchy as they often only hint at things, and hardly ever provided conclusive evidence).

AdrianC

justjohn wrote: »

don't show estate agent survey report. Ask for 4k off and tell them why.

If you were buying my place, and told me you wanted money off because the survey said "X", the conversation would go no further until and unless you handed me a copy of that survey... I'd not necessarily be saying that I didn't believe you, but if you're genuine, then you've got nothing to lose.

gary224

the estate agent is saying she wants to see the report.

she wrote this in 2 emails including the words "I will need to see a copy of the survey report "

movilogo

Tell you can give them copy of full survey but they have to fork out £(insert the amount) for that

When they say "there is another offer on house which is significantly higher" do they show you proof of that??