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Price re-negotiation based on building survey
Comments
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OP is a newbie and a first time buyer,
and appears to ask only one question in their posts. Gets advice and never comes back. So think all are wasting energy now replying? The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon2 -
Surveys are annoying! Essential I know but still a pain in the a*** sometimes.. my buyers walked away because repointing would cost £4500. Repointing since booked in for £480.1
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Hi all, thank you so much for all your advice. As you all suggested, I agree that the defects are actually minor and have no reason to reflect those. I originally have an offer agree already back then and there is a 'magical higher offer' comes in when the stamp duty holiday is announced. As I like the property, I ended up matching the offer, which is 8% higher than the valuation done by the lender. That s why I wanted to see if I can pull back the price a little bit. Anyway, it is what it is and I will just stick to the sales.
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Good luck with all this!0
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You are entitled to rethink your offer on the basis of the lower valuation itself just not sensible to do so for the very minor 'defects'.Petermaxwell said:Hi all, thank you so much for all your advice. As you all suggested, I agree that the defects are actually minor and have no reason to reflect those. I originally have an offer agree already back then and there is a 'magical higher offer' comes in when the stamp duty holiday is announced. As I like the property, I ended up matching the offer, which is 8% higher than the valuation done by the lender. That s why I wanted to see if I can pull back the price a little bit. Anyway, it is what it is and I will just stick to the sales.
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I've just received a RICS report on the house I am buying and they mention the presence of an intruder alarm which does not seem to be working and that's pretty much it.Mickey666 said:There are no 'rules' about any of this.If the OP believes the surveyors report warrants a reduction in the offer then fine, drop his offer..If the seller doesn't agree they can simply say no.Also, bear in mind that any surveyor probably feels some pressure to find faults for their client and this surveyor is certainly pushing the envelope. For example, since when has a surveyor ever been necessary to point out there is no fire/burglar alarm?
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