renogiating offer after survey

peppapig14

offer accepted on mid terrace 2 bed house. it was obvious from viewing the electrics are old, heating system old etc
survey showing "category 3" on:
*old electric fuse box, no certificate
*boiler old and potentially defective
*water, pipes leaking , tank needs replacing
Windows, no British Safety rating and rotton wooden frames

our solictor has advised to have these actioned , and to contact estate agent to renovate price 

Would you do this if you could see these were concerns when viewing? how would you know what to reduce offer by? do you get tradesman to come round and quote?  can vendor say no to a new offer and pull out ( we are awaiting searches and a few enquires with a competition date hopefully end March)

akorn77

Was the surveyors valuation lower than what you offered though? Just asking, as those defects may have been priced in by the Seller. 

Slithery

As the issues were present when you viewed it's usual that the asking price has already taken them into account.

peppapig14

akorn77 said:

Was the surveyors valuation lower than what you offered though? Just asking, as those defects may have been priced in by the Seller. 

yes the valuation was same as our offer. 

peppapig14

Slithery said:

As the issues were present when you viewed it's usual that the asking price has already taken them into account.

that makes sense thank you

akorn77

peppapig14 said:

akorn77 said:

Was the surveyors valuation lower than what you offered though? Just asking, as those defects may have been priced in by the Seller. 

yes the valuation was same as our offer. 

If the surveyors valuation report mention those shortcomings, then its been priced in so the seller is unlikely to entertain a discount. If they aren't mentioned in the report you can argue that they were missed and ask for a small discount. 

You can devise an estimate yourself or get quotes from trades people. The latter will obviously be better to convince the seller. 

And Yes the Seller can refuse and pull out, if contracts have not been exchanged. 

peppapig14

akorn77 said:

peppapig14 said:

akorn77 said:

Was the surveyors valuation lower than what you offered though? Just asking, as those defects may have been priced in by the Seller. 

yes the valuation was same as our offer. 

If the surveyors valuation report mention those shortcomings, then its been priced in so the seller is unlikely to entertain a discount. If they aren't mentioned in the report you can argue that they were missed and ask for a small discount. 

You can devise an estimate yourself or get quotes from trades people. The latter will obviously be better to convince the seller. 

And Yes the Seller can refuse and pull out, if contracts have not been exchanged. 

survey report says it's a reasonable purchase at agreed price , provided you are willing to accept cost and inconvience of works marked as critical

akorn77

peppapig14 said:

akorn77 said:

peppapig14 said:

akorn77 said:

Was the surveyors valuation lower than what you offered though? Just asking, as those defects may have been priced in by the Seller. 

yes the valuation was same as our offer. 

If the surveyors valuation report mention those shortcomings, then its been priced in so the seller is unlikely to entertain a discount. If they aren't mentioned in the report you can argue that they were missed and ask for a small discount. 

You can devise an estimate yourself or get quotes from trades people. The latter will obviously be better to convince the seller. 

And Yes the Seller can refuse and pull out, if contracts have not been exchanged. 

survey report says it's a reasonable purchase at agreed price , provided you are willing to accept cost and inconvience of works marked as critical

Sounds like it's been priced in then, unfortunately. That's not to say you can't ask for a discount, but there's isnt much you have to back yourself up with at this stage. 

AdrianC

peppapig14 said:

offer accepted on mid terrace 2 bed house. it was obvious from viewing the electrics are old, heating system old etc
survey showing "category 3" on:
*old electric fuse box, no certificate
*boiler old and potentially defective
*water, pipes leaking , tank needs replacing
Windows, no British Safety rating and rotton wooden frames

our solictor has advised to have these actioned , and to contact estate agent to renovate price 

Would you do this if you could see these were concerns when viewing? how would you know what to reduce offer by? do you get tradesman to come round and quote?  can vendor say no to a new offer and pull out ( we are awaiting searches and a few enquires with a competition date hopefully end March)

All of those would have been blatantly obvious to any kind of viewing that went beyond "Oooh, I like the sofa", so would already be priced in. Sounds like the surveyor agrees on that.

Yes, of course the vendor can say "Nope". And, if t'were me, I would.

SameOldRoundabout

It’s usual to price your offer taking into account any visible issues. Ours was, and was valued as such. Currently awaiting a specialist report on a structural issue picked up by the survey that no civilian could see, and even then unless it’s more than say, £3000 to rectify we probably won’t negotiate further. I would hope that were it to be more costly the vendor would at least meet us in the middle cost wise as the offer definitely didn’t take this repair into account. 

peppapig14

from everyone's comments, I have decided not to ask for a discount
 however i still would like to know costs of these issues to plan ahead. do i arrange with the estate agent?