Naive not to negotiate after survey?

Hoploz

Sorry I am clearly a lunatic, as I read the original post and based my response on what shortcrust had actually said. It would have been far more sensible to ignore this content and come up with an entirely separate issue.

(bangs head against wall)
:wall:

hazyjo

I do tend to find my mum, my BF's mum have opinions like that - I'll say to my mum something like 'I've seen a house that needs a lot of work and it's up for £425k' and she'll say 'what would you go in at?' then plucks a random figure from the air like £300k LOL. I try telling her you'd not even get a flat for that! She also thinks she knows best with every other aspect of house selling/buying - despite not having bought a house since 1979 LOL.


Okaaaaay...


If you're happy, your mortgage provider is happy, the seller is happy, just go with it. I'd not reduce my offer unless something came up that I wasn't expecting and I couldn't have seen from a viewing.


Good luck!


Jx

ScorpiondeRooftrouser

spunko2010 wrote: »

Was your offer accepted before Brexit?

For hoploz to say outright no negotiation without knowing anything about the findings is lunacy. How can anyone be expected to know the ins and outs from a cursory walk round? Are you a surveyor?

Delusional. ..

" Before I put in my offer I was told about all the identified problems, or they were obvious when I viewed. "

jimpix12

shortcrust wrote: »

What's made you think that I want money off, that the survey hasn't shown issues and that I'm not too concerned about prices dropping due to Brexit?

You came on here asking if you should negotiate on the price as others were telling you that you 'should'. But the survey hasn't revealed any surprises, so you can't use that angle. So the only angle left if you want to get a negotiation, as far as I can see, is that prices have dropped/market has cooled/whatever since Brexit. You agreed the price before Brexit.

If you don't want to negotiate then this entire thread is pointless isn't it? Thoroughly confused.

Are you going to continue this HPC mantra indefinitely?

"Ner ner ner, fingers in ears, the market isn't dropping"

AlexMac

I assume the OP has settled for not re-negotiating...? Maybe just as well, as it avoids the slight danger that the vendor gets the hump if you try for a reduction on spurious grounds...

"Unlikely" you might say? Talk to my wife; when she sold the former marital home she'd shared with her ex-h, the purchaser sent in a surveyor mate whose loaded report made dear spouse's pre-loved house sound like a slum ... and tried for a big reduction- about £15-20k on a ragbag of grievances including that the incoming water supply was probably in lead pipes (like every other Victorian house in London) She was incandescent and wanted to pull the deal. I talked her down (after all, it wasn't ever MY house) and she agreed a couple of £k off, but it was a close thing.

Hoploz

Shortcrust, you aren't being naive. You have agreed a price according to the condition and that's fine and indeed quite normal.

There will always be the people who agree deals, then try and get money off for this reason or that reason.

As a seller if somebody does this, it will at best be irritating, and at worst be so annoying (particularly the people who try more than once, or who try at the last minute just before exchange) it will cause the deal to fall through completely.

This may be because the reduction in price prevents the seller from proceeding with an onward purchase, or just because the seller has had enough of this idiot and would prefer to sell to someone with more integrity. Such as the OP ... there are actually quite a few of us about.

jimpix12

Hoploz wrote: »

Shortcrust, you aren't being naive. You have agreed a price according to the condition and that's fine and indeed quite normal.

There will always be the people who agree deals, then try and get money off for this reason or that reason.

As a seller if somebody does this, it will at best be irritating, and at worst be so annoying (particularly the people who try more than once, or who try at the last minute just before exchange) it will cause the deal to fall through completely.

This may be because the reduction in price prevents the seller from proceeding with an onward purchase, or just because the seller has had enough of this idiot and would prefer to sell to someone with more integrity. Such as the OP ... there are actually quite a few of us about.

Depends on the seller. Some accept lower prices, for a variety of reasons. You make it sound like nobody does. Don't let your emotions get the better of you, it's a transaction.

Everyone is different. If I had agreed a price pre-Brexit, I'd definitely be using that to negotiate downwards now given the change in sentiment in the market. Worst case scenario is the seller says no, you lose the house and annoy them (you don't owe them anything), but you walk away knowing that in all likelihood you've just dodged a negative equity bullet.

We might soon see the agent on the other side, fighting to get the lower price accepted, or they won't get their commission. I hear it's pretty dry at the minute in most agent's offices. They must be starting to worry. Worth a shot in my opinion.

david1951

(1) Brexit

and

(2) The Survey

should not be conflated. This question regards (2).

All we can do is tell you what we would do, were we the seller. Personally, I would refuse to negotiate the price based on what you have said. This simply sounds like you are getting cold feet.

cloo

No, not naïve, just a good buyer if you're not going to suddenly negotiate on things you knew about already.

jimpix12

david1951 wrote: »

(1) Brexit

and

(2) The Survey

should not be conflated. This question regards (2).

I suppose. Just some people conflate a 'survey' with a 'valuation'.