Seller says 'no renegotiation after survey'

jjlandlord

It does not matter.
At the end of the day, when you get the survey back you can walk away or try to negotiate in any case.

Their stance may be a red flag, so perhaps ask for another more detailed viewing to see if anything looks suspect before getting the survey done.
As suggested, do not spend any money until you have the survey back.

Thrugelmir

GentleGiant wrote: »

Buying a property in Sussex.

We have offered a price, which they have accepted conditionally and have stated 'no renegotiation after survey'.

I assume there is nothing in law to make us pay for the house even if the survey comes back as problematic.

We realise we would loose the cost of the survey, but do not wish to incur further costs.

Thanks.

Was the offer accepted well below the asking price?

GentleGiant_2

Better_Days wrote: »

Actually OP, IIRC EA's do have to disclose if a sale has fallen through, and the reason, if you ask directly.

I expect someone will be along with more info on this point, but I recall the point being discussed on the forum previously.

Have you got Property Bee on your RM so you can see how long the property has been marketed for and if it has been marked as SSTC and then subsequently remarketed?

Thanks - will look at Property Bee.

Didn't know that about EA, so thanks!

Property has already been reduced to £350K and we offered 5% lower, so am happy with the agreed price.

Was just suspicious!

jjlandlord

GentleGiant wrote: »

Didn't know that about EA, so thanks!

They don't have to tell you.

GentleGiant_2

jjlandlord wrote: »

They don't have to tell you.

Okay thanks.

GentleGiant_2

Better_Days wrote: »

Have you got Property Bee on your RM so you can see how long the property has been marketed for and if it has been marked as SSTC and then subsequently remarketed?

Property Bee says been on only recently and no reduction.

Home.co.uk says been on for 2 months and has had a previous small reduction.

So am happy with the purchase price. Just didn't want to be in a position where I could not pull out

Mojisola

GentleGiant wrote: »

What is the agent / seller wishes for me to agree to no-renegotiation? Can he do that? I assume that still does not bind me to anything, even if I agree to that is writing.

Don't sign anything.

A house is probably the most expensive thing you'll ever buy. Would you commit to buying a second-hand car without having driven it or having it inspected? If you wouldn't do it for a cheaper item, why would you do it for a house?

GentleGiant_2

It is okay, not signing anything yet - just been via emails.

JencParker

Quizzical_Squirrel wrote: »

As everyone has said, you can walk away at any point up to exchange. All you'll be out is the money you've spent.

The seller thinks you're already getting a fair price or a bargain.

They're warning you not to waste your time or theirs playing games with the price later on because they're not going to stand for it. They won't be messed around. If you can't afford this current price, stop now.

Of course if the survey turns up something serious and unexpected this stance will probably change because future buyers will have the same problem. But it has to be something significant and not already apparent from viewing the house.

I completely agree, a major problem that has been revealed and was not obvious and maybe the owners was unaware is fair enough, but people seem to want to use any small thing that comes up in a survey to knock off a few thousand. Owning a house costs money and if you don't want to spend anything on a house buy a new build.

Mojisola

GentleGiant wrote: »

It is okay, not signing anything yet - just been via emails.

Make sure you don't email anything that could be construed as written agreement.