Buyer renegotiate after survey Help!

KL0001

I!!!8217;d be asking the estate agent to explain to the buyers about surveys, give them 48 hours to reconsider their demands, then put the house back on the market. How long ago did they have the survey? To wait a couple of weeks until you are due to exchange, I!!!8217;d say they!!!8217;ve been sitting on it to try and push you into a corner at the last minute.

Mickygg

And to add don't fix the level 2 stuff as you could pay to sort them and then they could still pull out anyway!!

da_rule

Also, Op as you stated, the property has been valued at what your buyers are paying for it with the issues. Therefore if you fix them you are increasing the value of the property. You may also want to point this out and say you can do the work but you!!!8217;ll want more for the property to reflect the increase in value this will lead to.

Mgman1965

I had this a few years ago with a house I was selling.


Buyer was keen and had survey done, then went to EA and said survey had thrown up "multiple issues with the property" which I knew was carp as I has asked my builder look it over, he repaired a roof problem he found and had then given it a general clean bill of health.


Potential buyer said he was prepped to proceed (we were also about to exchange) if I reduced it by £8,000 !!!!!!!


EA asked what the issues were so as we could sort something out, to which he refused to say what they were, saying the survey was his, and private, but to reduce the 8k or he'd walk.


I basically told the EA to tell him to justify the supposed 8k of work needed within 3days or put back on market.


They never heard back from him (agent concluded he was a chancer), and house sold again within 2 weeks with no reported issues on the next survey.