How to negotiate after survey

Jeepers_Creepers

leftism said:

Yes, met the vendors. They were lovely! I think they'd act fairly if we had an issue, so that's why I don't want to take the mick. It is an area in quite high demand, but the house had been on for a few months. There was another bidder. I think we outbid them by 5k. 

You outbid the other buyer by £5k, and now you are hoping to knock a bit off your winning bid? I'd be careful about going too far, as the vendor might start wishing they'd gone with the other lot :-)

Have a word with the EA and see how they see the lie of the land. There's nothing to stop you asking for a small reduction, but I think I'd tread carefully. 

gwynlas

As Davesnave advised true damp is very obvious and not usually that difficult to sort out once you have discovered the source. You do not need an chemical injection and plaster hacked off with a gift of a dodgy guarantee. A house of that age will have issues generally including electrics and it would be prudent to have an inspection. £2k is not worth creating bad feeling over as you have already knocked £10k off asking price.

Splatfoot

Our buyers pulled out on Monday due to a couple of things the survey picked up and the ballpark figures quoted by the surveyor. Surveyor quoted £4500 for repointing. Had a local wall tie and repointing man come out and actually look at it properly. He's going to tidy up where needs doing and reseat both ends of our ridge tiles (he did our wall ties 13 years ago and the ridges have now settled). For the grand total of £480. Yep. The builder is going to sort out a beam for us outside. Surveyor suggested £2000. Builder quoted £500. Frightened our buyers off but they'd knocked us down too much already so starting again now. Surveys aren't always as frightening as they appear to be. I'd get the damp looked at a bit further but everything else is trivial. 

snowcat75

Jeepers_Creepers said:

leftism said:

Yes, met the vendors. They were lovely! I think they'd act fairly if we had an issue, so that's why I don't want to take the mick. It is an area in quite high demand, but the house had been on for a few months. There was another bidder. I think we outbid them by 5k. 

You outbid the other buyer by £5k, and now you are hoping to knock a bit off your winning bid? I'd be careful about going too far, as the vendor might start wishing they'd gone with the other lot :-)

Have a word with the EA and see how they see the lie of the land. There's nothing to stop you asking for a small reduction, but I think I'd tread carefully. 

Id agree, old places will Always need work, so you always have to budget according when the offer goes in, I have a buyer whos close to exchange at the moment whos started making noises about the 25 year old boiler...... It hasn't since the 3 viewings they had changed, and I agreed to the 30k off the asking, on the condition that as cash buyers that was the final price.... At the movement they haven't asked for money off but I just have this feeling of a bit of game playing and they will......It certainly wont go down well if they do and im not frightened on pulling the plug if it arises. 

SandyN21

snowcat75 said:

Jeepers_Creepers said:

leftism said:

Yes, met the vendors. They were lovely! I think they'd act fairly if we had an issue, so that's why I don't want to take the mick. It is an area in quite high demand, but the house had been on for a few months. There was another bidder. I think we outbid them by 5k. 

You outbid the other buyer by £5k, and now you are hoping to knock a bit off your winning bid? I'd be careful about going too far, as the vendor might start wishing they'd gone with the other lot :-)

Have a word with the EA and see how they see the lie of the land. There's nothing to stop you asking for a small reduction, but I think I'd tread carefully. 

Id agree, old places will Always need work, so you always have to budget according when the offer goes in, I have a buyer whos close to exchange at the moment whos started making noises about the 25 year old boiler...... It hasn't since the 3 viewings they had changed, and I agreed to the 30k off the asking, on the condition that as cash buyers that was the final price.... At the movement they haven't asked for money off but I just have this feeling of a bit of game playing and they will......It certainly wont go down well if they do and im not frightened on pulling the plug if it arises. 

....."I agreed to the 30k off the asking price.... " - wow that seems quite a lot.

Scotbot

Splatfoot said:

Our buyers pulled out on Monday due to a couple of things the survey picked up and the ballpark figures quoted by the surveyor. Surveyor quoted £4500 for repointing. Had a local wall tie and repointing man come out and actually look at it properly. He's going to tidy up where needs doing and reseat both ends of our ridge tiles (he did our wall ties 13 years ago and the ridges have now settled). For the grand total of £480. Yep. The builder is going to sort out a beam for us outside. Surveyor suggested £2000. Builder quoted £500. Frightened our buyers off but they'd knocked us down too much already so starting again now. Surveys aren't always as frightening as they appear to be. I'd get the damp looked at a bit further but everything else is trivial. 

It can go the other way too. I had an survey estimate £1000 for repairs, cost me £4200 as job was more complex on closer inspection.

snowcat75

SandyN21 said:

snowcat75 said:

Jeepers_Creepers said:

leftism said:

Yes, met the vendors. They were lovely! I think they'd act fairly if we had an issue, so that's why I don't want to take the mick. It is an area in quite high demand, but the house had been on for a few months. There was another bidder. I think we outbid them by 5k. 

You outbid the other buyer by £5k, and now you are hoping to knock a bit off your winning bid? I'd be careful about going too far, as the vendor might start wishing they'd gone with the other lot :-)

Have a word with the EA and see how they see the lie of the land. There's nothing to stop you asking for a small reduction, but I think I'd tread carefully. 

Id agree, old places will Always need work, so you always have to budget according when the offer goes in, I have a buyer whos close to exchange at the moment whos started making noises about the 25 year old boiler...... It hasn't since the 3 viewings they had changed, and I agreed to the 30k off the asking, on the condition that as cash buyers that was the final price.... At the movement they haven't asked for money off but I just have this feeling of a bit of game playing and they will......It certainly wont go down well if they do and im not frightened on pulling the plug if it arises. 

....."I agreed to the 30k off the asking price.... " - wow that seems quite a lot.

Rural property with nothing to compare to price wise , which has never been sold since being built in the 1950s, so it was a complete guess what to market it for the EAs valuations varied by a 100k. 

Property's also been empty from the start of the year so it was either get sold over the summer months or re-let, as I really didn't want to overwinter it.
We priced top end on the assumption you can always come down, and although I had several offers, most were in chains to which I told the EA not to consider... As always a property's worth what someone's willing to pay, and as long as they don't deviate from the deal over a couple of thousand to replace the boiler, then il be happy with the price. 

leftism

Jeepers_Creepers said:
You outbid the other buyer by £5k, and now you are hoping to knock a bit off your winning bid? I'd be careful about going too far, as the vendor might start wishing they'd gone with the other lot :-)

Have a word with the EA and see how they see the lie of the land. There's nothing to stop you asking for a small reduction, but I think I'd tread carefully. 

I know what you mean. I've just got people telling me that everyone negotiates after a survey. And if you don't, you're a mug. Maybe I'm just speaking to the wrong people!

Davesnave

leftism said:

Jeepers_Creepers said:
You outbid the other buyer by £5k, and now you are hoping to knock a bit off your winning bid? I'd be careful about going too far, as the vendor might start wishing they'd gone with the other lot :-)

Have a word with the EA and see how they see the lie of the land. There's nothing to stop you asking for a small reduction, but I think I'd tread carefully. 

I know what you mean. I've just got people telling me that everyone negotiates after a survey. And if you don't, you're a mug. Maybe I'm just speaking to the wrong people!

Everyone who finds something worth negotiating over, that is.

You still haven't said if this damp is easily visible, or largely mythological. If I was the owner and someone informed me my house had damp I was unaware of and asked for money off to treat it, I know how I'd react!

leftism

*UPDATE*
We had a damp specialist and builder look at it. The damp wasn't as bad as feared but could do with some work. The building is loads of smaller jobs that will probably rack up over time (as the survey pointed out). But we didn't want to just beat the price down and get as much as we could, so suggested what we thought was very fair: they pay for the damp work, we cover everything else. They agreed. Everyone is happy