Buyer Asking us reduce house sale by 9K but not allowing us to see survey.

Doneka

Lolarose13 said:

Hi there,

I’m after some advice please.  Our buyer has asked for us to reduce our sale price by 9K due to her recent homebuyers survey. We have asked for her to share the relevant parts of the survey. She has refused siting data protection! she has said the survey found evidence of woodworm in the garage, vegetation on the house roof. She sent a builder round who has quoted nearly 9k for woodworm treatment, guttering cleaning, new garage roofing, garden wall repair etc. The builder was here about 5 minutes and was only in the garage and garden.🙄

Our argument is she is expecting us to reduce the agreed price by 9K but is not willing to give us documentary evidence of this. I get she has paid for the survey and is under no obligation to share it. But are we supposed to just take her word for it. TBH it was a complete shock and we feel concerned that this is a tactic to reduce the price otherwise why else would she withhold the relevant information. She is a first time buyer and is apparently putting a sizeable deposit down of 100k so we’re presuming her mortgage has been approved. Our house is a late sixties 3 bed semi with downstairs shower room and study. 

We’re not asking to see the whole survey just the relevant parts that apparently require immediate attention. We are in the process of getting independent quotes from a roofer and builder as the quote seems extortionate. Incidentally the surveyor arrived with an auditor in tow and was here for over an hour so probably unlucky that everything was checked with a fine tooth comb. 

Would welcome any thoughts and thanks for reading. 

Lola

Adding some point that makes sense that the price going lower/reduced to 9k

macman

Are you really prepared to reduce £9k if granted sight of the survey? If you are not, then you don't need to see it. Just say that your best price remains as per her original offer.

aoleks

No need to reduce anything, in fact you will probably sell for more than that offer. By the time I finished typing this message, the value would’ve gone up.

crazy, but we’re all playing the same game.

Section62

aoleks said:

No need to reduce anything, in fact you will probably sell for more than that offer. By the time I finished typing this message, the value would’ve gone up.

crazy, but we’re all playing the same game.

House prices can also go down.  When that happens the nature of the 'game' can quickly change.