Withdrawing from property purchase at late stage?

jimbog

Do it via email - it will avoid awkward conversation/stroppiness from the estate agent and give you time to compose your thoughts. Asking them for alternative properties on their books will take the sting out of the situation.

If you have just 'gone off the place' say so. If you were to list things like 'the certificate wasn't right', 'this or that isn't in place' you will be given promises that it would be 'sorted in 24 hours' and that puts you in an awkward position

amateur_house

Crashy_Time wrote: »

Got a link to the house?

I would rather not post a link at the moment as I am still hoping it might fall through. It is apparently a cash buyer which I expected to be a quick sale, yet it hasn't completed yet 3 months on. The estate agent said they didn't know when it was due to complete, though they may just not want to tell me.

amateur_house

jlaw4 wrote: »

Hi, if you dont mind my asking how much was the electric survey? I am buying a property in need of some work and the survey is recommending a electrics survey due to having no certs

The electric survey was £130. I did get a cheaper quote for £100, but decided to go with a Which? approved trader.

Crashy_Time

amateur_house wrote: »

I would rather not post a link at the moment as I am still hoping it might fall through. It is apparently a cash buyer which I expected to be a quick sale, yet it hasn't completed yet 3 months on. The estate agent said they didn't know when it was due to complete, though they may just not want to tell me.

Fair enough.

ReadingTim

• Unless the property is currently rented out, then of course it will be sold with vacant posession - the vendor will be moving out into their new house.
• Your builder has a vested interest in drumming up some work for himself, so I'd take what he says with a pinch of salt: he would say that wouldn't he?!?
• If the white goods are now excluded and it was a condition of the offer, then lower your offer or withdraw it, but in all honestly, there's little value in a second hand appliance: get down to the local British Heart Foundation charity shop and pick up a 2nd hand washing machine for £50 or so...
• There's little value in an electrical or gas survey: unless the place was built literally yesterday, then it probably won't meet current standards. But just because it's old, doesn't mean it's dangerous. If it hasn't killed the current occupant, it's unlikely to kill you.

I think you're being a little pessamistic about the state of place and the potential cost of making good, or feel you need to fix things that perhaps don't really need it. If you want somewhere that's completely new and up to date, move into a new build.

If the money's too tight, then just be honest - you can't afford the place and the work you think it requires. However, you will lose any money you're spent on that house, which won't help the budget for anywhere else....