Presenting a list of repairs to a seller

pinkteapot

Oh, and always renegotiate the price rather than ask the seller to make repairs. They've got no incentive to get a good job done - they'll just get the cheapest job done.

martindow

I would be very wary of getting the seller to do the repairs. Assuming they agree, they have no incentive to do the work well and will try to make it look good with the smallest outlay possible. You want the work done to a good standard.

dragilex

Thanks for these. Really helpful.

wiseguy80

I would be interested to know if you are able to negotiate the price down. Bought a house recently. Our survey highlighted a few issues, none of them were major. I didn't try to negotiate the price down as it was in a highly in-demand area and I didn't want to spook the vendor. Did manage to get £7k off the asking price. Reading your post, I wonder if I should have tried.

To give some context, The house 2 doors from us was advertised last wednesday and got sold before the weekend.

King_Slayer

dragilex wrote: »

Surely the house is SOLD subject to survey.

Offer is normally subject to Survey. Not sold until you've completed, as even after exchange there is still that possibility of the sale falling through (at the risk of losing your deposit).

OP, it is always worth a try to negotiate with the vendors. However, if the valuation was for the amount that was offered, you can guarantee that vendors EA/SOL will advice them not to accept any of the cost.

We offered to pay half the cost, sent the copy of the inspection and quote, (carried out by vendors chosen company) and they were adamant that they were not willing to share any of the costs. They also stated that as it was not a criteria of our mortgage being offered (we had already received mortgage offer), they would not pay half. Fair enough at this point we do have the option to pull out or suck it up and pay the cost.

So I would suggest that you make a fair negotiation and justify your reasons for any reduction on offer price or negotiations of repair cost. Good luck and keep us updated.

ognum

Interestingly the OP has not mentioned the valuation only the repairs needed.

Maybe the house is worth what they offered maybe it's not she/he has chosen not to say!

System

To be quite frank, OP sounds like a nightmare buyer.

If my buyer would have sent me a list if things to get done I would have just called the EA and asked him to out the house back on the market.

Sedge123

Walcott wrote: »

To be quite frank, OP sounds like a nightmare buyer.

If my buyer would have sent me a list if things to get done I would have just called the EA and asked him to out the house back on the market.

Absolutely. It amazes me the number of people who expect the seller to slash the price because of the survey.

dragilex

Walcott wrote: »

To be quite frank, OP sounds like a nightmare buyer.

If my buyer would have sent me a list if things to get done I would have just called the EA and asked him to out the house back on the market.

Thanks. This home is going to be the house I bring my children up in for the next 30 years or so. I don't want to move into a house to discover that aspects that only a surveyor would pick up on are about to fall apart and cause an ongoing nightmare.

The offer was made on the house on the understanding it was in good repair. If it isn't, then the offer needs to reflect that. If the seller disagrees then that's all part of the negotiation.

silvercar

dragilex wrote: »

Thanks. This home is going to be the house I bring my children up in for the next 30 years or so. I don't want to move into a house to discover that aspects that only a surveyor would pick up on are about to fall apart and cause an ongoing nightmare.

The offer was made on the house on the understanding it was in good repair. If it isn't, then the offer needs to reflect that. If the seller disagrees then that's all part of the negotiation.

Yes and no.

You are not buying a new build, so should expect that not everything will be perfect.

If the survey shows something major that could not reasonable be identified from viewings then negotiation is in order. Doubt you can expect a seller to bring the property up to a new build standard.