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House Selling - Structural Survey
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fiestaman87
Posts: 81 Forumite
My house has sold and the usual issues with an older terraced house have arisen.
The initial survey for the buyer’s mortgage brought up some concerns about cracking in a rear wall (which has been like that for 20 years, which is how long I’ve lived here).
Understandably they require a full structural survey.
The big question is: who pays for this? Myself or the buyer? My estate agent says I should do but I’m not so sure.
If anyone can help with this I’d appreciate it as the quote I’ve been given is £780 which is not an insignificant sum of money.
Thanks
The initial survey for the buyer’s mortgage brought up some concerns about cracking in a rear wall (which has been like that for 20 years, which is how long I’ve lived here).
Understandably they require a full structural survey.
The big question is: who pays for this? Myself or the buyer? My estate agent says I should do but I’m not so sure.
If anyone can help with this I’d appreciate it as the quote I’ve been given is £780 which is not an insignificant sum of money.
Thanks
0
Comments
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If the buyers want a survey then the buyers pay for it.
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Yes, buyers need to pay for any surveys they wish to carry out - what on earth is your EA going on about!!!
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The only thing you need to consider is a allowing a surveyor access to your property. Arranging and paying for a surveyor is on your buyer.1
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Buyers responsibility. If they want checks, they pay for them.0
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We wanted an EICR done on the property we are buying, we would never have dreamed of asking the vendor to pay for it!Living with Lupus is like juggling with butterflies1
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My EA did this to me when my buyer's lender wanted a damp and timber report - they said he'd spent so much on his structural survey, and it would be a gesture of goodwill if I paid, plus it would belong to me. It was the week before Christmas, I spent my Christmas food £300 savings on it and it was thrown out of the window by his lenders. In hindsight I should have said no, and I hope you will.£216 saved 24 October 20142
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Thanks to all responders. I can see a pattern here. I will tell the estate agent to do one however I'm now concerned that if the buyer has to pay they may back out.
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I would be amazed that anyone buying an older house wouldn't be intending on having a full survey carried out, unless they were a builder/surveyor themselves. The valuation survey is purely for the mortgage company, to satisfy themselves that the property is sufficient security for them to lend against.0
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