How difficult is it to pull out before exchange of contracts?

davidmcn

hopeitwill said:
Are the desktop surveys solely based on what a this-number-of-roomed house would sell for in that area? Or does it also account for leasehold/freehold, how big the house is etc?

They'll take account of the floor area, to the extent that the surveyors can figure out the relative floor areas of the comparable properties from the information available to them. I wouldn't expect leasehold/freehold to make much difference - generally surveyors will assume there's nothing unusually onerous about any lease and will leave it to the solicitors to ask for an amended valuation if it's a short remaining term etc.

hopeitwill

davidmcn said:

hopeitwill said:
Are the desktop surveys solely based on what a this-number-of-roomed house would sell for in that area? Or does it also account for leasehold/freehold, how big the house is etc?

They'll take account of the floor area, to the extent that the surveyors can figure out the relative floor areas of the comparable properties from the information available to them. I wouldn't expect leasehold/freehold to make much difference - generally surveyors will assume there's nothing unusually onerous about any lease and will leave it to the solicitors to ask for an amended valuation if it's a short remaining term etc.

Thank you both and so it is possible to haggle on the price before exchange of contracts during conveyancing. OH is just too stubborn about this house but I will try my best. Maybe soundproofing with a good company would work, but I sure as hell don't want to pay for that.

badger09

hopeitwill said:

davidmcn said:

hopeitwill said:
Are the desktop surveys solely based on what a this-number-of-roomed house would sell for in that area? Or does it also account for leasehold/freehold, how big the house is etc?

They'll take account of the floor area, to the extent that the surveyors can figure out the relative floor areas of the comparable properties from the information available to them. I wouldn't expect leasehold/freehold to make much difference - generally surveyors will assume there's nothing unusually onerous about any lease and will leave it to the solicitors to ask for an amended valuation if it's a short remaining term etc.

Thank you both and so it is possible to haggle on the price before exchange of contracts during conveyancing. OH is just too stubborn about this house but I will try my best. Maybe soundproofing with a good company would work, but I sure as hell don't want to pay for that.

Of course it’s possible. Vendor might agree to your revised offer, compromise on reduction or refuse to negotiate. Depends how much they want to sell & how realistic their expectations. 

If you’re going to reduce your offer, please be fair to the vendor, & do it sooner rather than later. Saves everyone’s time & stress. 

MFWannabe

hopeitwill said:

davidmcn said:

hopeitwill said:
Are the desktop surveys solely based on what a this-number-of-roomed house would sell for in that area? Or does it also account for leasehold/freehold, how big the house is etc?

They'll take account of the floor area, to the extent that the surveyors can figure out the relative floor areas of the comparable properties from the information available to them. I wouldn't expect leasehold/freehold to make much difference - generally surveyors will assume there's nothing unusually onerous about any lease and will leave it to the solicitors to ask for an amended valuation if it's a short remaining term etc.

Thank you both and so it is possible to haggle on the price before exchange of contracts during conveyancing. OH is just too stubborn about this house but I will try my best. Maybe soundproofing with a good company would work, but I sure as hell don't want to pay for that.

So you’re still going to buy the house even with nightmare neighbours? Because your OH is stubborn? Doesn’t like confrontation or hassle? 

Could be a very expensive mistake just because don’t like hassle 

csgohan4

bare in mind you can have variable neighbours in any non detached house, just because the current ones are ok, doesn't mean the future ones will. 

hopeitwill

badger09 said:

hopeitwill said:

davidmcn said:

hopeitwill said:
Are the desktop surveys solely based on what a this-number-of-roomed house would sell for in that area? Or does it also account for leasehold/freehold, how big the house is etc?

They'll take account of the floor area, to the extent that the surveyors can figure out the relative floor areas of the comparable properties from the information available to them. I wouldn't expect leasehold/freehold to make much difference - generally surveyors will assume there's nothing unusually onerous about any lease and will leave it to the solicitors to ask for an amended valuation if it's a short remaining term etc.

Thank you both and so it is possible to haggle on the price before exchange of contracts during conveyancing. OH is just too stubborn about this house but I will try my best. Maybe soundproofing with a good company would work, but I sure as hell don't want to pay for that.

Of course it’s possible. Vendor might agree to your revised offer, compromise on reduction or refuse to negotiate. Depends how much they want to sell & how realistic their expectations. 

If you’re going to reduce your offer, please be fair to the vendor, & do it sooner rather than later. Saves everyone’s time & stress. 

We will definitely do it asap. The new neighbours also did a full, open kitchen/livingroom extension which amplifies the noise even more.

And I definitely don't want to buy it but again OH is being stubborn because we know the area. They're even having people visits in Tier 4. Unbelievable. Mind you it's a family with 2 kids.

csgohan4 said:

bare in mind you can have variable neighbours in any non detached house, just because the current ones are ok, doesn't mean the future ones will. 

We are actually able to afford a detached house, with a good size deposit and well-paying jobs, but only if we go a bit further out in the city but then again, stubborn OH.

MFWannabe

Does stubborn OH realise what being stubborn could cost you? Not just in terms of money 
It may be worth going to look at some detached properties and see if you like the look of any of them 

MFWannabe

Do they know how you feel? 

hopeitwill

Yeah, OH has known for months. I wanted to give the neighbours a chance, not only because in-laws are gifting the deposit but also it's not that they're being too disrespectful, it's also probably they're just very different from our previous neighbours. They and all their friends are naturally loud.
Although playing movies on surround sound or playing music with bass means they're just disrespectful, it is not because of their natural loudness.

I have to admit, I am very sensitive to noise but also because I try my best to not cause inconvenience for others.

And now, they have guests. 2 different cars. We are in tier 4! Talk about disrespect. Who would want to be their neighbours?!

tink_1983

hopeitwill said:

I have to admit, I am very sensitive to noise but also because I try my best to not cause inconvenience for others.

And now, they have guests. 2 different cars. We are in tier 4! Talk about disrespect. Who would want to be their neighbours?!

I am very noise sensitive also, it's good to know this about yourself and take this into account when purchasing. 
If you can afford detached I'd 100% do it.
Neighbours who flaunt the rules when we are in a pandemic is their risk..but knowing yourself and what you can accept is where you have the control.
If they  have added an extension they are in it for the long haul.
I'd be pulling out and looking elsewhere if you can afford detached.
Good luck to you