We don't want a survey, Are we stupid?

flambo33

karlos_the_jackal wrote: »

I'm about to purchase a property that's 11 years old and just outside of the NHBC warranty. As there's not a hint of anything wrong with it my thinking is that a homebuyer's report would be a waste of money and a full survey would be overkill. Am I right or should I be at least getting a homebuyers for peace of mind?

After reading all the advice on this post I would suggest getting a homebuyers is pointless for anyone with an eye for obvious defects. If you google RICS home buyers report you can go through a sample and see exactly the sort of things they're filling out. Several people have made great points on why a homebuyer report is a waste! scroll back through and check some out. it looks to be a full survey or no survey.

I think after all the info coming through on this we're still pretty happy to go through with the purchase not having one. Although the poll would still suggest we're bucking the trend!

flambo33

Jhoney wrote: »

I wouldn't avoid paying a surveyor < a thousand to look around a property for me on my way IN, then happily pay a vendor hundreds of thousands on their way OUT:).

Also a good point

Dan-Dan

karlos_the_jackal wrote: »

I'm about to purchase a property that's 11 years old and just outside of the NHBC warranty. As there's not a hint of anything wrong with it my thinking is that a homebuyer's report would be a waste of money and a full survey would be overkill. Am I right or should I be at least getting a homebuyers for peace of mind?

In this particular scenario you would be better off spending £500 on booze and women than a HB survey

racing_blue

We bought a 270 year old house. It had all sorts of issues, but it was in the right location and a survey was not going to stop us buying it.

We went ahead with the survey, asking the surveyor to provide us with a kind of schedule of works so that we could prioritise renovations over a few years. It has been extremely useful.

Glover1862

Depends a lot on the mortgage provider as well, Virgin who I used recently changed an upgrade to homebuyer of about £180, not too bad so I went for it, platform/coop the difference between valuation and HB was something like £450 so I didn't bother as house was relatively new.

Jhoney_2

racing_blue wrote: »

We bought a 270 year old house. It had all sorts of issues, but it was in the right location and a survey was not going to stop us buying it.

We went ahead with the survey, asking the surveyor to provide us with a kind of schedule of works so that we could prioritise renovations over a few years. It has been extremely useful.

Agreewith this. A survey is not a tool to beat the owner over the head with or stop the sale. It provides useful information going forward e.g after purchase, safety, improvments, repairs estimates etc.

Rain_Shadow

phoebe1989seb wrote: »

Otoh, the buyers of our last-but-one house had a survey that was full of stupid errors, despite the surveyor spending over three and a half hours at the property......wouldn't trust them with a barge pole personally

:rotfl::rotfl::rotfl::rotfl::rotfl:

missbiggles1

Glover1862 wrote: »

Depends a lot on the mortgage provider as well, Virgin who I used recently changed an upgrade to homebuyer of about £180, not too bad so I went for it, platform/coop the difference between valuation and HB was something like £450 so I didn't bother as house was relatively new.

An HB isn't a survey.