Buyer wants 6k off after survey.

BlueVeranda

It's possible that what's considered an appropriate size has changed in the last 110 years.

Fdbjg123

BlueVeranda said:

It's possible that what's considered an appropriate size has changed in the last 110 years.

Is that my problem to help pay to fix though? (Genuine question). Building regs change all the time. 

bluelad1927

Fdbjg123 said:

BlueVeranda said:

It's possible that what's considered an appropriate size has changed in the last 110 years.

Is that my problem to help pay to fix though? (Genuine question). Building regs change all the time. 

If it stops people buying your house then it is your problem to fix

Everything in this thread is quite simply down to whether you want a sale of your house and how much you are prepared to accommodate a sale. If you feel the buyer is pushing their luck bin them off. If future prospective buyers come up with the same issues then it's possibly you who's pushing your luck

BlueVeranda

Fdbjg123 said:

BlueVeranda said:

It's possible that what's considered an appropriate size has changed in the last 110 years.

Is that my problem to help pay to fix though? (Genuine question). Building regs change all the time. 

It may or may not be. What I meant is the same as you said - building regs change. If the survey has flagged up work needs doing on the roof and that work would need to pass current building regs then it could well make it your problem as it means there are no quick fixes to get around it. Other people might say, well it's 110 years old, we expected to replace the entire roof at some point anyway. But it doesn't sound like your buyers are those people.

retiredbanker1

Fdbjg123 said:

retiredbanker1 said:

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.

They already have their mortgage offer, they received it after the survey so I don’t know if it was given to the bank and they still ok’d loaning the amount she needs. 

A mortgage offer is just a piece of paper stating we are wiling to lend you £x over y years subject to conditions.
Since you have not accepted any offer the lender will have not carried out their own survey yet - so hang on to your hat if the sag in the roof is obvious it may not be as clear cut as you think.

Fdbjg123

retiredbanker1 said:

Fdbjg123 said:

retiredbanker1 said:

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.

They already have their mortgage offer, they received it after the survey so I don’t know if it was given to the bank and they still ok’d loaning the amount she needs. 

A mortgage offer is just a piece of paper stating we are wiling to lend you £x over y years subject to conditions.
Since you have not accepted any offer the lender will have not carried out their own survey yet - so hang on to your hat if the sag in the roof is obvious it may not be as clear cut as you think.

We have accepted an offer. We accepted £170k, 5 weeks ago. Unless that’s not what you mean? Also, the sag was apparent when we bought the house, it’s been apparent for over 15 years at least (according to google earth). Our mortgage lender still lent us the money though.  

retiredbanker1

Fdbjg123 said:

retiredbanker1 said:

Fdbjg123 said:

retiredbanker1 said:

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.

They already have their mortgage offer, they received it after the survey so I don’t know if it was given to the bank and they still ok’d loaning the amount she needs. 

A mortgage offer is just a piece of paper stating we are wiling to lend you £x over y years subject to conditions.
Since you have not accepted any offer the lender will have not carried out their own survey yet - so hang on to your hat if the sag in the roof is obvious it may not be as clear cut as you think.

We have accepted an offer. We accepted £170k, 5 weeks ago. Unless that’s not what you mean? Also, the sag was apparent when we bought the house, it’s been apparent for over 15 years at least (according to google earth). Our mortgage lender still lent us the money though.  

No - once both set of solicitors are convinced the deal is on then the people buying from you will inform their mortgage
  broker who will get the lender to do their survey. It may be a drive pass or they may contact you to arrange a home visit.

Do you know if the LENDERS survey has taken place?

steve866

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 was this communicated to you? I don't understand why their solicitor would advise them to share the survey with future buyers. I don't even know how they'd know who the future buyers are? This is a massive red flag for me and I'd be looking to remarket ASAP.

Fdbjg123

We’ve heard radio silence since saying no. We did call estate agent and she said we’re at a stalemate and she’s trying to convince buyer she’s already had a good deal. Surely if they were going to pull out they would have by now? Don’t understand the silence. 

RHemmings

Fdbjg123 said:

We’ve heard radio silence since saying no. We did call estate agent and she said we’re at a stalemate and she’s trying to convince buyer she’s already had a good deal. Surely if they were going to pull out they would have by now? Don’t understand the silence. 

I'm not an estate agent so don't have long experience to share. But, if they were serious about the request for a reduction and don't like the answer, then in their situation I could imagine taking some time to consider your response and what I want to do. Personally, I wouldn't think that if they haven't pulled out by now that means that they won't pull out. Or that they will. Something will break the stalemate, but for what it's worth I think it could be any of the possible results.