Movement found on survey - advice needed please.

bargainbinner

I am a 1st time buyer and have recently had an offer accepted on a house 10000 under the asking price. The surveyor has reported movement and has asked for:

- a structural engineer report on the property,
- a conveyancy report as some properties on the street flooded in 2007 although this one is at a higher level
- specialist advice on tree maintenance as there is a tree 9m away that had not yet caused damage.

I would like advice on:
Whether it is worth continuing?
Who should pay for the report bearing in mind they already knocked 10000 off the asking price?
Am I likely to have problems remortgaging / selling in the future?

Thanks.

bris

How old is the house? There is movement in nearly all houses, usually historical and causes no problems so it's a pretty standard thing to mention it.


Flood report again standard practice for a flood risk area, being at a higher lever will help with this if others were flooded and this wasn't.


A tree 9m away is similar, again normally trees within 5m would be looked at but 9m would be low risk.


Who pays, well normally you however it's a negotiation just like the purchase, they pay if you can get them to agree.

kingstreet

What are the valuations in current condition and after essential repairs?

bargainbinner

Thanks for your replies.

The house was built around 1900 I think. Valuation was zero but after suggested checks 115000 (which is what I am paying).

Any idea how much it waill all cost?

Hoploz

Oo-er! Assuming they are suggesting the movement is not historic you'd best get a report done with an approx cost to repair.

I would imagine the flood risk would be a case of asking the seller about their insurance, and whether they've had trouble getting it. And confirmation in writing that there has never been flooding.

A tree 9m away seems a bit random, ESP as it seems to say it hasn't caused any noticeable damage.

Lord_Baltimore

A ten grand reduction on a house of this value is quite a bit. It could be this one is being off-loaded. There are houses everywhere without structural problems; buy one of them.

ruggedtoast

bargainbinner wrote: »

I am a 1st time buyer and have recently had an offer accepted on a house 10000 under the asking price. The surveyor has reported movement and has asked for:

- a structural engineer report on the property,
- a conveyancy report as some properties on the street flooded in 2007 although this one is at a higher level
- specialist advice on tree maintenance as there is a tree 9m away that had not yet caused damage.

I would like advice on:
Whether it is worth continuing?
Who should pay for the report bearing in mind they already knocked 10000 off the asking price?
Am I likely to have problems remortgaging / selling in the future?

Thanks.

Run Forrest! Run!