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Sale Agreed price after survey

Possom
Possom Posts: 433 Forumite
When someone gets a buildings survey done on a house, where the surveyor states in the finished survey the estimated cost of fixing something he has discovered, how do I use this to attempt to negotiate down the sale agreed price?

Assuming something is discovered which I would not have noticed since I'm not a builder or a surveyor.

For example, if he discovers that the roof needs replaced, or the house has rising damp, or there is woodworm in beams and these need replaced etc.

Do I simply contact the estate agent and inform them that the surveyor has found 'x' and estimated the cost of fixing at 'y', and I would like to reduce the sale agreed price by the estimate of fixing provided by the surveyor?

Is it best to contact the estate agent by telephone, e-mail or formal letter to inform them of this?

Thanks for any advice!

Comments

  • Old_Git
    Old_Git Posts: 4,751 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Cashback Cashier
    I would contact the agent by phone and state I am reducing the price by £x because xyz work needs to be done .

    On the other side the surveyor may say the house is worth your offer based on the amount of work it needs .
    "Do not regret growing older, it's a privilege denied to many"
  • And if it's "the house of your dream" remember the vendor may pull out of the sale if they think they can get more..
  • Mistral001
    Mistral001 Posts: 5,432 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    edited 6 August 2014 at 6:27PM
    You can use the report to negotiate, but the vendor can just ignore it and stick to his/her price if the wish. The mortgage lenders will not ignore it if it is part of a valuation survey for the purposes of borrowing money from a lender and it will probably affect how much they will lend you.
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