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Building Survey in and problems
TamsinC
Posts: 625 Forumite
We have FINALLY received the building survey and there are a few problems. Works to repair amounting to a minimum of £11K (will probably be more as a very ild property and its not a simple case of repair or replace with modern stuff - for example a section of roof needs retiling and backing with lime plaster. Other surveys have been recommended and they could find more work needing doing. Our vendor is wanting to move fairly soon (we have no rush), and so we could just negotiate money off or we could get extra surveys done as well. What would people suggest? If we offered £20K ?(figure plucked from the air) less to cover for other things that might turn up and the cost of the extra surveys, and to get the sale moving etc would that be considered okay? I have no idea about the etiquette of these things.
“Isn't this enough? Just this world? Just this beautiful, complex
Wonderfully unfathomable, natural world” Tim Minchin
Wonderfully unfathomable, natural world” Tim Minchin
0
Comments
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They might accept it they might not.
Important figure to you is a valuation after the survey taking the details of the survey into account.
Only that would persuade me as a seller.0 -
They might accept it they might not.
Important figure to you is a valuation after the survey taking the details of the survey into account.
Only that would persuade me as a seller.
AH, survey did not include a valuation - mortgage company did that and couldn't upgrade to a full building survey so we went ahead and did our own but it doesn't come with a valuation. I should maybe state vendor has had the property on and off the market for a good few years - we are at the very, very top of our budget and these extras mean we can't do the work we actually want to do. He has offered to come down in order to expedite the sale. My thoughts are that we would be taking a risk on not getting extra surveys done before exchange and so to offer lower than just the repairs that are seeable costs, he would gain by getting a quicker sale - we were probably only 3 weeks off completion and this could now extend to a good couple of months.“Isn't this enough? Just this world? Just this beautiful, complex
Wonderfully unfathomable, natural world” Tim Minchin0 -
AH, survey did not include a valuation - mortgage company did that and couldn't upgrade to a full building survey so we went ahead and did our own but it doesn't come with a valuation. I should maybe state vendor has had the property on and off the market for a good few years - we are at the very, very top of our budget and these extras mean we can't do the work we actually want to do. He has offered to come down in order to expedite the sale. My thoughts are that we would be taking a risk on not getting extra surveys done before exchange and so to offer lower than just the repairs that are seeable costs, he would gain by getting a quicker sale - we were probably only 3 weeks off completion and this could now extend to a good couple of months.
Could you not have asked (and paid extra) for a valuation with your survey?(Nearly) dunroving0 -
Um, maybe - I didn't know I could ask? Could I ask them to do it now?Could you not have asked (and paid extra) for a valuation with your survey?I’ve only ever had homebuyers surveys but they’ve always had a section on valuation against sale price
Building surveys don't apparently“Isn't this enough? Just this world? Just this beautiful, complex
Wonderfully unfathomable, natural world” Tim Minchin0
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