PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Renegotiating following Home Buyers Survey

Hi all,

We have had the survey back on the home we are buying, and it's thrown up a few problems that we were aware of but some we were not. The red flags are 1) badly weathered outside wall which needs further investigation 2) high levels of damp in the conservatory and 3) coping stones to the rear parapet walls are missing. There is a list of things which fall under 'requires attention' such as two steps on the stairs need fixing, a double glazed unit has failed, loft not properly insulated, damaged fencing. We are fine with the minor points as we spotted some of them when we viewed. I have contacted the agent and they have arranged to have a damp and timber survey carried out at their expense. So my question is, should we renegotiate the price? All of the draft contracts have been done and searches are in the process of being carried out.

Thanks

Comments

  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'm sure the agent hasn't paid for the damp & timber survey, so you may want to re-phrase that.

    Personally, I'd want my own survey, so I could select the company used and there would be no conflict of interest. I wouldn't know about re-negotiation until the results of that were available.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    kez84 wrote: »
    The red flags are 1) badly weathered outside wall which needs further investigation 2) high levels of damp in the conservatory and 3) coping stones to the rear parapet walls are missing.

    The first and third of those would have been blatantly obvious to even a quick look. The missing coping stones are a very quick, easy and cheap fix.
    So my question is, should we renegotiate the price?

    What did the surveyor say about the price? Given that you've not mentioned it, I'm presuming that he's said it's worth the price you've agreed. If so, then you can always ask, but - if you were buying from me - you'd get the survey handed straight back to you with a big highlighter-pen mark around the bit where your surveyor agrees the price is good for the property in the condition he describes...
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.