Buyers want £7k off after survey

Wanderingpomm

If the cost of the damp proofing is £7k then you’ll only have to pay a percentage of it because it’s a flat. Offer that off I.e if its 4 flats in the block offer £1750.

NickBane27

That’s an interesting point Wanderingpomm - although we are the only ground floor flat so is that valid?

theartfullodger

Tell them you hadn't realised the price was flexible, and that being the case it's just gone UP £7k. Bet they fold and go back to original offer agreed.

Slithery

NickBane27 wrote: »

That’s an interesting point Wanderingpomm - although we are the only ground floor flat so is that valid?

Yes. The cost of any repairs should be shared between all of the leaseholders.
Just as you would be expected to pay your share if the roof needed fixing.

Crashy_Time

foxy-stoat wrote: »

If that is the case then reject the offer, you may lose out on the sale but you may not. If you lose this sale at the asking you may or may not get a better offer now.

Exactly, take it and run.

G_M

NickBane27 wrote: »

That’s an interesting point Wanderingpomm - although we are the only ground floor flat so is that valid?

We can't read your lease! What does it say?

That all leaseholders share the cost, or that the ground floor leaseholder bears the full cost?


Either way, when the survey finally gets to you, look at who did it. If it was a damp proof company (and especially if the 'survey' was free!), they obviously have a conflict of interest. They will always find damp and then quote to fix it.


If so, insist they get another, fully independant, paid-for, damp survey by a specialist who does not himself do remedial work....


Otherwise ignore the survey and refuse point-blank to negotiate price.

ACG

I would personally go back and say as the valuation has come back on target, it is clearly valued at the purchase price and the issues were not big enough to affect the mortgage offer.

If the damp issues were big enough, it would have affected the mortgage amount either in the form of a retention or a damp report being needed before the offer was issued.

Marvel1

Still get the original asking price

Crashy_Time

Call the 7k "Brexit Insurance" and take their offer before they change their mind.

lookstraightahead

I would accept - unless you want a very long wait to sell again, probably at under what they are offering.

Whatever I had offered on a property in September, I would now be reducing it. I could be told to do one, and that would just secure me doing one.