Buying but issues

Crazystar

Thanks Guys for yor replies. wrt the subsidence work, very few documents are available and they state they dug the foundations and put a new reinforced concrete and it was done as per the buildings regulations.Yes, the seller was also the owner when this work was carried out in 1980s. There was a gap observed in skirting and the floor and hence the work was carried out.

The search has revealed that area is at risk of subsidence and its fair to assume the subsidence might occur again in future(may or maynot). I read on many other sites where people have bought houses with subsidence history less than offered price and hence was my question.

AdrianC

mysampat wrote: »

The search has revealed that area is at risk of subsidence

Seems like the best bet would be to buy a house somewhere else entirely, then...

King_Slayer

You may find that as the property was valued at the offer amount m, the vendor may be hesitant to give any reductions. The surveyor has basically said that these are the issues with this house, however I believe that the property is valued at this amount. You may struggle to justify your basis for a reduction.

TBeckett100

Sounds like you want to pull out and trying to find an excuse

Crazystar

No I am not trying to pull out but concerned that this may affect my resale value in future. I just want to pay the right price considering all the repairs and risks associated and hence my questoins.

wrt Asbestos, is it fair to ask the seller to get the tests done?

AdrianC

mysampat wrote: »

I just want to pay the right price considering all the repairs and risks associated

The valuation you've had done says you are.

wrt Asbestos, is it fair to ask the seller to get the tests done?

You can ask. He can refuse. Would you walk away over that?
Generally speaking, if you want to know, you pay for the tests.

Doozergirl

mysampat wrote: »

Thanks Guys for yor replies. wrt the subsidence work, very few documents are available and they state they dug the foundations and put a new reinforced concrete and it was done as per the buildings regulations.Yes, the seller was also the owner when this work was carried out in 1980s. There was a gap observed in skirting and the floor and hence the work was carried out.

The search has revealed that area is at risk of subsidence and its fair to assume the subsidence might occur again in future(may or maynot). I read on many other sites where people have bought houses with subsidence history less than offered price and hence was my question.

As an example, almost all of London is a subsidence risk as it is built on clay. People live there.

Also, the chances of subsidence occuring again are much less than they would be on a similar period of house that hasn't been underpinned. You're arguably buying the safest house on the street.

Asbestos cement board is what it is and most builders and roofers will advise on whether they ae happy to remove it.

If the house has artex ceilings then that is where fibre can be found. It used to be mixed in to create and hold the texture. It is safe in situ. If you want smooth ceilings then the plasterer would overboard rather than remove any of the existing.

Kynthia

What was said about the potential for future subsidence in the area? Most of Greater London is built on clay and the surveys say this means a greater risk of subsidence, but people don't let that stop them buying in London.


Historic movement of properties is normal. On-going maintenance of properties is normal.

Asbestos is a good possibility in older artex and is found in many many homes and is fairly common in old garages. Again people can't let this put them off buying and only need to do something about it when they want to do something to those areas. Did the survey mention something different to this?



The ground floor slab issues isn't normal so that's something you need to think about whether you want to deal with or not.

All properties are going to have issues, even new builds as they may be built on flood plains or possible old arsenal dump sites, or have long snagging lists. So you are going to need to deal with that, but if a property has stuff you don't' think you can deal with then don't buy it. Only renegotiate the price if you do want it but feel the price is lower than what you agreed due to what the survey found compared to similar properties sold without those issues. You can't just lower the price because you've heard properties with issues go for less than the asking price, because you seem to be considering whether the asking price already takes the issues into consideration.

Crazystar

Yes Doozergirl, a friend of mine told me that London and whole south east is on clay soil and is always prone to subsidence. This house appears more safe as the remedial work has already been carried out.

wrt Asbestos, I wouldnt worry too much on its presence on roof but its a trouble in ceilings and wall plasters(when disturbed).I am planning a renovation work and hence need to disturb the celings and wall pasters. How to get rid of Asbestos in celings and wall plasters, is it a very expesive job?

Crazystar

Kynthia, There is no mention about the potential about the future of subsidence in this area. I agree Greater London and South east has subsidence issues but not all houses suffer from it. Only a few suffer from it and they generally get sold to a lower price compared to a house in that area which dint had the subsidence.

Asbestos in garage and roof is not a big concern but in ceilings and wall plasters is a concern. Survey said the presence of Asbestos in wall plasters and Ceilings through out the house.