Buyer wants 6k off after survey.

jj_43

In such older properties it is generally accepted that the market price already includes something for condition (i.e. its not a new build).  Surveys are non transferable. A different buyer will need a new survey. 

BobT36

jj_43 said:

In such older properties it is generally accepted that the market price already includes something for condition (i.e. its not a new build).  Surveys are non transferable. A different buyer will need a new survey. 

Depends. Sometimes the survey will pick out stuff that even the vendor didn't know (or was keeping very hidden!) or stuff that just really isn't obvious to anyone without loads of experience / knowledge. 

For REALLY OBVIOUS (even to untrained people) stuff, and anything that's mentioned in the blurb or by the vendor/agent on viewing, fine! Priced in. For anything else? (especially stuff that only comes out during the survey or after), a reduction may be fair. Any offer for me would be based on what I KNOW immediately following the viewing. If anything else negative that pops up that would cause a serious cost well, the house is now not worth as much with that in mind.


Sounds like these lot's reasoning is a bit dodgy though, but that doesn't go for everyone. 

Fdbjg123

Do any of you know what the typical fix for roof sag is? It’s only a small area and can be seen in the eaves. It looks like the batons are curved so I’m assuming the supporting rafters need changing? The quote they’ve provided is for a whole new roof, which I’m not sure it warrants. It’s never leaked and is believed to be original, so if it hasn’t caused a problem in over 110 years why would it now? 

BobT36

^Because it's 110 years old? 
I've never died yet, but I will at some point..

I know nothing about roofs btw, but the whole "it's never xyz" isn't really a valid argument. 
Push for valid surveys and quotes from reputable companies, heck even get a quote yourself if don't trust it. The only way forward is getting the data, then judging from there. 

RHemmings

I did a google, and it appears that a sagging roof may or may not be a symptom of serious problems with the roof. Best to confirm exactly what the situation is. 

_Penny_Dreadful

Fdbjg123 said:

Also, the buyer has said that (if we don’t reduce and re market) they have been told by their solicitor to give the survey to future buyers. Is this a thing? 

How would they know who your future buyers are to give them the survey? Sounds like tosh to me. 

retiredbanker1

On the other hand if I could see a problem with the roof - even without a survey (will it pass a drive pass bank surveyor to make an offer?) then personally I would not touch it with a bargepole.

That's just me.

RAS

Fdbjg123 said:

eddddy said:

It's more about the mind-set of the buyer than anything else.

They are also in a chain and in need of selling their house due to divorce.....

However they did say ‘I am very sorry to be in this position but as you know this house already has stretched my budget, so I am going to need to renegotiate the price if I am to proceed with the purchase.’ ....

It's not your job to fund the inevitable hit/downsizing your buyer will experience as a result of their divorce. 

Buy yours, or find something shiny and tiny they can afford?

bluelad1927

Your buyer hasn't already had a 10k reduction.  Either it was overvalued in the current market or you are desperate to sell. Neither of which is the buyers fault.

Noneforit999

Initially I would play hard ball. The buyer has invested money already, likely the best part of a grand including survey and conveyancing fees, its likely they have paid for searches etc already. 

If hard ball didn't work and they were adamant they wanted a reduction, I would work out how desperate I was to sell (in a chain, offer on new house etc etc) and if I could afford a price reduction based on my onward purchase.

It costs nothing for them to ask for money off but the ball is slightly more in your court than theirs because they will have spent far more money than you thus far so pushing back and saying no is worth a go.