Pulled out of buying, vendor asking for Survey

davidmcn

need_an_answer wrote: »

I don't see surveys having a second hand value in the same way you would sell your unwanted items on ebay to the highest bidder or for a set price. If there were the facility to do that, I would have already expected a few EA's to have tapped into that market.

The value to the seller is that they'll find out what issues have deterred the OP, and would be likely to come up in any future buyers' survey (and therefore, might be able to fix). I can't see them relying on the survey in the same sense as a buyer or lender would (they already own all the problems, after all), so no, it's not going to have the same worth as it would to someone proceeding with a purchase, but if they want it then I expect they'd be prepared to pay the OP something.

Bacon_Sandwich

MoneySeeker1 wrote: »

Personally, I certainly wouldn't give the survey to the vendor.

Reason being because, if the vendor had pointed out the problem areas identified in the first place, then I wouldn't have proceeded with having a survey in the first place. So I'd be rather annoyed at having paid for a wasted survey basically and, as a result, the vendor could have the survey from me (if it was legal for me to do so), but they would have to pay me full price for it.

At least that way I would get back the money I'd just wasted, because the vendor had kept schtum about those issues.

Jeeeesus christ...:wall::wall::wall:

lookstraightahead

I would never charge that's a bit mean. However I would look at the legal implications, which are undoubtedly even more if you do charge.

I would say it's non transferable, like a car parking space.

need_an_answer

davidmcn wrote: »

but if they want it then I expect they'd be prepared to pay the OP something.

The opening post says the vendor has "asked" to see the survey and it seems the the OP is the one asking what price he should charge...youre making the assumption that the vendor is happy to part with money....

There is a difference as I said previously between sharing results and selling the copy.

As a vendor how much would you pay for a copy of a survey given you were in this position?

I'd pay nothing but I would certainly ask if there was a particular issued that caused the purchaser to pull out and then consider that information further if they were prepared to share it.

billy2shots

Talk about over complicating things, my god!

Rip off the front and back cover and anywhere else that has the surveyors details and hand it over.

The OP should edit their post to something along the lines of

‘Help, trying to claw back money as I’ve decided not to proceed with house purchase ‘

People are acting like this is top secret document.
Think about it. How the hell are vendors supposed to renegotiate if they aren’t allowed the information? Are they supposed to take the buyers word for things lol.

Jmaho

Exactly what billyshots said. What are you going to do with it? Remember you are buying your first house and down the line you'll be the seller. And have people picking your property apart and surveyors scaring the life out of first time buyers when the problems are easily fixed.

hazyjo

billy2shots wrote: »

People are acting like this is top secret document.
Think about it. How the hell are vendors supposed to renegotiate if they aren’t allowed the information? Are they supposed to take the buyers word for things lol.

They are not looking to renegotiate, they have withdrawn.


Not acting like it's a 'top secret document'. I was just pointing out the legalities/T&Cs of the report and they should read what it says re sharing. Of course, they may choose to take no notice. That's the same with most laws or terms & conditions...


Not for me to say 'it will say don't share, but don't take a blind bit of notice of that...'. Their decision.

LadyDee

jeeveso wrote: »

Hi al!
Hope you can help with this.
We've just pulled out of a property due to there being a few issues brought to our attention on the survey.
The vendor has asked to see what was brought up in the survey.
I want to ask for some contribution towards the cost of the survey but my girlfriend thinks we should give it to the vendor for free.
My issue is that if we give it for free, in essence we would have paid for a service for a stranger to help sell his house we're not going to buy any more.
Survey cost £450, i was thinking of asking for like £200 or so.
Any advice?

Having worked for a Surveyor for many years I can say with just about 100% certainty that there will be a clause in the report (and being part of the contract between you and the surveyor,) saying that the survey is for the use of the buyers and their advisers only, and not to be shared with other parties. You would be able to say, for instance, "surveyor found evidence of movement in gable end wall", but that would be all. It is then up to the vendor to get their own survey, and pay for it.

billy2shots

hazyjo wrote: »

They are not looking to renegotiate, they have withdrawn.


Not acting like it's a 'top secret document'. I was just pointing out the legalities/T&Cs of the report and they should read what it says re sharing. Of course, they may choose to take no notice. That's the same with most laws or terms & conditions...


Not for me to say 'it will say don't share, but don't take a blind bit of notice of that...'. Their decision.

I’m fully aware that they are not trying to renegotiate which makes things even more pedantic.

The not sharing clause is more likely to cover the surveyor themselves. It’s not clear if this is a Home Buyer survey or not. If it is a HB then the person carrying out the survey may not have the most knowledge in the world given the fairly low requirements needed to fulfil that role. Releasing the document for other professionals to pick a part would not be in the surveyors best interest.

Does anyone have any information on the number of people who have had action taken against them for sharing a survey?:rotfl::o

Rip out the relevant pages or photocopy them and pass it on. Stop being a money grabber.

Let’s spin this on its head. A surveyor and a buyer that has pulled out have knowledge of an issue regarding a property. That issue causes injury or death down the line. The vendor wasn’t aware of the issue and nobody could have disclosed the problem due to a ‘no sharing ‘ clause. Lol

I’m off to watch a DVD round a friends house. Oh wait I can’t do that as the movie studio will prosecute my friend.

Live a little peeps.

billy2shots

A seller doesn’t have any right to see a copy of reports unless the buyer chooses to disclose them and the surveyor/valuer must not discuss the report’s actual or likely contents with the seller without the buyer's knowledge and consent.


https://www.ricsfirms.com/glossary/disagreeing-with-a-prospective-buyers-survey/