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Movement
Rambosmum
Posts: 2,447 Forumite
Had the survey back.
It says (amongst other stuff) 'there is evidence of general long standing movement and potential ongoing movement to the rear'.
It advises a structural engineers report, which we may get but it's pretty dead isn't it?
Valuation came back as £25k less than the asking price (about 9%).
It says (amongst other stuff) 'there is evidence of general long standing movement and potential ongoing movement to the rear'.
It advises a structural engineers report, which we may get but it's pretty dead isn't it?
Valuation came back as £25k less than the asking price (about 9%).
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Comments
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Dead? Depends on so many other factors not described.
If the surveyor is right, it'll need underpinning, but he may be wrong about ongoing. Whatever it is, it'll likely affect sales in the future.
We also don't know how unique this property is or where it is in your overall budget. My DD bought an underpinned house to afford living in a high-demand location and she loves her place. She didn't have to get the work done though.
None of us knows the reaction of the seller either. That's where to start. If they go into denial over the valuation, an engineer's survey is academic.0 -
Lace up your running shoes, and run like the wind !0
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No, that's why they said "potential ongoing movement" and recommended a further report. Either get one or walk away.'there is evidence of general long standing movement and potential ongoing movement to the rear'.
It advises a structural engineers report, which we may get but it's pretty dead isn't it?0 -
I took 'dead' to mean the OP's interest in the property.0
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I took 'dead' to mean the OP's interest in the property.
And you would be correct. Spoke with the vendor, he isn't prepared to consider a lower offer should further investigation show ongoing movement, so we've walked away.
Back to the drawing board. Someone tell me the market will pick up in January
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