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Home Buyers Survey
Jb_1982
Posts: 68 Forumite
Hi again...
So, I'm nearly at the point of exchanging contracts between my vendor and my purchaser. Now my purchaser has decided to have a Home Buyers Survey/Report (not the standard one). I live in a house built in the 80's and see no purpose of having this done on this property. I am buying a house on the same estate as the one I am selling, and built around the same time. I just had a standard one. The earliest time this survey can be done is the 5th October 2017, which seems ages away at this point. We accepted the offer in June for our house and the survey has only been requested now.
Can this survey threaten the sale? I can see no reason for the survey showing anything significant. Has anyone on this forum been through this procedure before with a survey? How much depth do they go into?
Any help and advice is appreciated, I just want this whole process to completed ASAP!!
So, I'm nearly at the point of exchanging contracts between my vendor and my purchaser. Now my purchaser has decided to have a Home Buyers Survey/Report (not the standard one). I live in a house built in the 80's and see no purpose of having this done on this property. I am buying a house on the same estate as the one I am selling, and built around the same time. I just had a standard one. The earliest time this survey can be done is the 5th October 2017, which seems ages away at this point. We accepted the offer in June for our house and the survey has only been requested now.
Can this survey threaten the sale? I can see no reason for the survey showing anything significant. Has anyone on this forum been through this procedure before with a survey? How much depth do they go into?
Any help and advice is appreciated, I just want this whole process to completed ASAP!!
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Comments
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The home buyers survey is the standard survey and probably a minimum requirement if I was buying a house.
If it uncovers something untoward then of course it can threaten the sale.30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0 -
The home buyers survey is the standard survey and probably a minimum requirement if I was buying a house.
If it uncovers something untoward then of course it can threaten the sale.
It is not the standard one I am referring to, its the more in depth one. I don't know what the technical name for this survey is called.0 -
It is not the standard one I am referring to, its the more in depth one. I don't know what the technical name for this survey is called.
http://www.which.co.uk/money/mortgages-and-property/first-time-buyers/guides/buying-a-home/house-surveysSignature on holiday for two weeks0 -
Mutton_Geoff wrote: »
Thank you.. thats helped a great deal...0 -
No.You're not.So, I'm nearly at the point of exchanging contracts between my vendor and my purchaser.
As you have not told us which survey is being done, we can't tell you how much depth!Can this survey threaten the sale? I can see no reason for the survey showing anything significant. Has anyone on this forum been through this procedure before with a survey? How much depth do they go into?
But the "more in depth one" is likely to go into considerable... errr.... depth!
Can it threaten the sale? Of course. If it finds anything significant of concern, or anything minor that the buyer interprets as signficant, then it can result in the buyer wishing to reduce the sale price, or cancelling the purchase altogether.
Yes - Countless people.Has anyone on this forum been through this procedure before with a survey?
Of course you do. But you can't get the survey done any quicker than what the buyer has arranged.Any help and advice is appreciated, I just want this whole process to completed ASAP!!0 -
No.You're not.
As you have not told us which survey is being done, we can't tell you how much depth!
But the "more in depth one" is likely to go into considerable... errr.... depth!
Can it threaten the sale? Of course. If it finds anything significant of concern, or anything minor that the buyer interprets as signficant, then it can result in the buyer wishing to reduce the sale price, or cancelling the purchase altogether.
Yes - Countless people.
Of course you do. But you can't get the survey done any quicker than what the buyer has arranged.
I can't workout if this response is patronising, sarcastic, helpful or a combination of the 3. Nonetheless, thanks for spending the time to respond. :undecided0 -
I can't workout if this response is patronising, sarcastic, helpful or a combination of the 3. Nonetheless, thanks for spending the time to respond. :undecided
Defintely a combination of all 3 - and he's being quite polite to be honest. As he's said, you're nowhere near completion and you don't know what survey is being completed so of course it can threaten the sale.30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0 -
Yes, the buyer ought to have done this somewhat sooner, so maybe there's a sneaky ulterior motive, but there doesn't have to be.
For example, the buyer could recently have learned that some houses on your estate have a particular defect, or that there have been incidences of subsidence.
These are just two reasons why an 80s house might require at least a homebuyer's survey, despite your thinking that it is somehow above all that.0 -
2 of the 3........0
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2 of the 3........
Meatloaf...2 out of 3 ain't bad0
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