Cash buyer claims not getting survey done!

AnotherJoe

SevenOfNine wrote: »

Cash buyer has said they aren't going to have a survey done at all, asked for a copy of the one our son got when he purchased (the homebuyers report) in Dec 2012.

..........who does that!!!! Crikey, doesn't everyone get a survey or homebuyers report of some description..

I didnt on my last house. Bought effectively with cash, House was 30 years old mid terrace no cracks, no subsidence in area, a survey would have been an utter waste of money.

My sincere condolences.

Person_one

I wouldn't worry too much, I got a full survey on my recent purchase, but to be honest all it told me was exactly what I expected it to tell me, and if I was ever in a position in the future where I didn't need a mortgage so wasn't forced to have at least a valuation, I possibly wouldn't bother.

Hopefully its a sign that they're pretty experienced at buying property and will get through the process fairly quickly without too many hiccups.

SevenOfNine

Wow, thank you all so much for responses, I feel reassured so many of you don't get one done.

We let them have a copy of our son's homebuyers report though it showed lack of electrical & gas testing flagged in red! All prospective buyers were shown a page stating cracking (& there's a fair bit) was historical, so we felt there was nothing to hide really by letting them have it.

Hope we get a bit of luck this year & can be done quickly without problems. Thank you for condolences.

Alter_ego

SevenOfNine wrote: »

though it showed lack of electrical & gas testing flagged in red!

This kind of thing is a reason not to get such a survey-- There is absolutely no requirement for such testing in a private house.

Mr.Generous

I renovate property and never get a survey, people I've worked for get one and as mentioned above they just say crap like "nothing evident at time of inspection but suggest you get a full heating / wiring / roofing / damp / structural survey to be sure. They ignore cracks through which you can see daylight but list things like a missing gutter end cap worth about £2. If we wasted £400 on a survey that stated the bleedin' obvious every time we bought a house I'd say we probably wouldn't be up to doing the work. So no, everybody doesn't get a survey. Have a look at your last one and see what use it was.

Person_one

SevenOfNine wrote: »

Wow, thank you all so much for responses, I feel reassured so many of you don't get one done.

We let them have a copy of our son's homebuyers report though it showed lack of electrical & gas testing flagged in red! All prospective buyers were shown a page stating cracking (& there's a fair bit) was historical, so we felt there was nothing to hide really by letting them have it.

Hope we get a bit of luck this year & can be done quickly without problems. Thank you for condolences.

Nearly all houses (except new builds really) will have that flagged.

Old_Git

Last time I bought as a cash buyer the agent didnt ask for proof of income .I did get a survey done. Survey cost me £100.

Waterlily24

We haven't had surveys done on our last three houses either.

konark

I think most people who do get surveys done only do it because of the mortgage company insisting.

benjus

It's not really much different to a mortgage buyer getting only the valuation survey done. The valuation survey will only mention anything serious enough to affect the property's usefulness to the lender as collateral.