Survey Back Negotiate some money off

Floopy2009

Some advice please, so after the survey came back and historical issues due to damp, the survey stated that the two walls which are stained bubble plaster require stripping and replastering with lime. Had some costs back and it aint cheap.

Is it worth me going back to see if i can get a small amount off my offer or halves to sort this, or will it be a case you bought it as you saw it scenario. I did raise this with the vendor and he was not aware of the upper window, but said the rear window they had sorted just had not replastered, etc.

They did knock $5,000 of what they wanted so they might use that as a stick and say no

Thoughts ?

Bigphil1474

You are still in negotiation period, so you or they can ask for whatever you want. However, to me, it depends what they wanted for it, what you offered, and what they accepted, and what the costs will be. e.g. If the house was up at £200k, they accepted £195k given repairs needed and the repairs will be under £5k, then all good IMO. If it's gonna be more than that, then just point that out and see what they say. Depends who is most desperate I'd guess. If our buyers came back and asked for a few £k off what they offered, I'd probably say Yes as we know our house needs a bit of work, and we need to get sold after our first buyer pulled out. If they asked for a big chunk, we'd say no.

BobT36

I also think it's "fair" to NOT expect anything off, if any work was obviously visible / pointed out during viewing, and the costs were fairly known, before offer. If something is "priced in" (other than the general obvious overall quality of the property) then it should be described as such in the blurb.

However if something wasn't obvious / visible / mentioned and crops up after the offer, that's when expecting a bit off is fair, as the buyer will be finding additional costs that they did not know about when making the offer.

Floopy2009

Any ideas on the best approach of contracting the ea and vendor to negotiation some money off ?

Mildreds_Earrings

Hello there, we photocopied the relevant pages of the RICS Report, obtained quotes, then sent an email to the Vendor via the Estate Agent, letting them know we would like to renegotiate and attached the supporting evidence/documents. We explained that we didn't expect them to meet all the costs but as we were unaware of the extra work, could we go 50/50 and thankfully they agreed. We also put the revised purchase price in our email.

Just be honest, transparent and fair. Hopefully the Vendor will realise that if another Buyer comes along, they may encounter the same problem again anyway. 

This article by Phil Spencer may help you:
https://www.telegraph.co.uk/money/property/phil-spencer-decode-property-survey-get-better-house-price/

All the best.