Renegotiating price-new roof needed

Agnes12

I have just had the building survey report come back and some issues were identified (grade 3).


The surveyor said the house may need a new roof as the roof is sagging in some places (obvious sag can be seen in the pictures), missing tiles, no under-felt, condensation mould on roof timbers, horizontal crack to the rear purlin and water stains on the ceiling of some rooms and close to the chimney brickwork in the loft.
Issues with the chimney (flaunching visible and flashing not adequate), to fix this a scaffolding will be needed in order to avoid further damage to the roof.
Also double glazed units had failed in one window and he suggested that the whole window should be changed.
Blockage of damp proof course due to decking at the back of the house, which has to be removed.


The vendors are slightly reluctant to reduce the price as the mortgage company valued it at the price we agreed to pay for it? Although estate agent has asked us by how much we want off the price but am just thinking about the hassle of replacing a roof, don't know if it would be worth it and not sure if they would agree to pay for the new roof. Should we just walk away, a new roof could be pretty expensive.


Thanks.

quantumlobster

I'd be thinking of knocking 5-10K off my offer in light of such issues.

sal_III

Nothing is stopping you from trying to renegotiate the price based on these findings. But if you don't want the hassle of replacing the roof in the first place, why bother?

maisie_cat

As the issues were apparently obvious, how much do you think the price would be without them? Nothing to stop you asking for a reduction, but the sellers may be of the opinion that the house is priced for it's condition.

Trixsie1989

We've not long been through this ourselves, survey highlighted roof issues and after getting quotes to identify the work we went back to vendor and asked for a reduction, supplying only the relevant parts of the survey and the quotes. Vendor went away and got their own quote for the work and met us in the middle of the costs (despite originally saying that they wouldn't reduce)

Can I ask why you told the vendors what the mortgage company had valued it at? You were under no obligation to share that information with them as your survey and valuation has been commissioned by you for you and not for the benefit of the vendor.
Our valuation came in at what our original agreed price was but we were never asked to disclose that.

kinger101

Don't agree to them doing the work. They'll get the cheapest cowboy they can find.

MysteryMe

Trixsie1989 wrote: »

We've not long been through this ourselves, survey highlighted roof issues and after getting quotes to identify the work we went back to vendor and asked for a reduction, supplying only the relevant parts of the survey and the quotes. Vendor went away and got their own quote for the work and met us in the middle of the costs (despite originally saying that they wouldn't reduce)

Can I ask why you told the vendors what the mortgage company had valued it at? You were under no obligation to share that information with them as your survey and valuation has been commissioned by you for you and not for the benefit of the vendor.
Our valuation came in at what our original agreed price was but we were never asked to disclose that.

As a vendor I would not entertain any significant reduction in price if the valuation showed that the property was being sold at fair market value and a buyer refusing to disclose such information would just confirm my suspicions.

People like you just want a perfect house at someone else's expense. If you want a house in tip top condition then pay for one. Hopefully when the time comes to sell you get the same sort of buyer you are.

mrginge

MysteryMe wrote: »

As a vendor I would not entertain any significant reduction in price if the valuation showed that the property was being sold at fair market value and a buyer refusing to disclose such information would just confirm my suspicions.

People like you just want a perfect house at someone else's expense. If you want a house in tip top condition then pay for one. Hopefully when the time comes to sell you get the same sort of buyer you are.

What an incredibly bizarre rant.

The OP appears to be more concerned about the effort and hassle of having a roof replaced than extracting some massive discount off the poor seller.

Looks like you missed that in your haste to produce your crazed rambling. ‘Same sort of buyer you are’ Jesus.

OP - my view is that you will not get much, if any reduction and therefore if it’s as bad as it sounds I would be moving on and letting some other poor sap deal with this mess.

Agnes12

We told the EA that the mortgage was approved because she asked. Couldn’t have said it wasn’t approved.
Without these issues the house is definitely worth the price we are paying, great location, outstanding schools, close to all transport links.

Will ask the EA if they are willing to knock of the price it will take to replace the roof based on the quotes we receive and we can sort out the other issues by ourselves.

Trixsie1989

MysteryMe wrote: »

As a vendor I would not entertain any significant reduction in price if the valuation showed that the property was being sold at fair market value and a buyer refusing to disclose such information would just confirm my suspicions.

People like you just want a perfect house at someone else's expense. If you want a house in tip top condition then pay for one. Hopefully when the time comes to sell you get the same sort of buyer you are.

As the survey is commission BY the BUYER and not the vendor, it is my document to disclose as I see fit, same for any other buyer!
People like me? Could you clarify exactly what you mean?
I am aware that the house I am buying is not brand new, and will require maintenance works but we did not budget for a complete new roof and so reduced our offer accordingly.

You come across as a vendor who wants buyers to pay for works that you couldn't be bothered to get done yourself and moan at the 'audacity' of buyers to dare ask for a reduction!

Trixsie1989

Agnes12 wrote: »

We told the EA that the mortgage was approved because she asked. Couldn’t have said it wasn’t approved.
Without these issues the house is definitely worth the price we are paying, great location, outstanding schools, close to all transport links.

Will ask the EA if they are willing to knock of the price it will take to replace the roof based on the quotes we receive and we can sort out the other issues by ourselves.

Ahh I thought you meant the vendor had asked you what the house had been valued at outright
I personally would go back to EA and say in light of these issues we are reducing our offer by X amount. It's up to the vendor to accept, decline or negotiate then