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Survey Before Buying.
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Comments
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^ It's naive to make an offer without knowing the condition of the property.1
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propertyrental said:Adding 'subject to survey' neither adds nor detracts anything legally. ALL offers are subject to a host of conditions - why not add 'subject to searches' since searches are always done and might cause a buyer to withdraw. Or 'subject to Enquiries'? Or subject to mortgage application'?No contract is binding till Exchange - before that there's no legal commitment on either side as to either purchasing, or as to the price.But I agree - buyers who add 'subject to survey' are either naive FTBs who think it protects them in some way, or are pointlessly declaring that they are the type of buyer who will leap at the slightest issue highlighted in the survey and demand a price reduction.I’m in the process of buying a grade I listed property that’s over 300 years old and I’m a cash buyer. I’d be an absolute fool if I didn’t get a level 3 survey and make my offer subject to survey given the amount of money I’m spending. The property needs some updating which is why I made the offer I did so I’m not going to renegotiate on the basis of things I already know. But if the survey uncovers a huge expensive issue to rectify something I’m unaware of, I’d be an idiot not to go back to the vendor and renegotiate.0
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pjs493 said:propertyrental said:Adding 'subject to survey' neither adds nor detracts anything legally. ALL offers are subject to a host of conditions - why not add 'subject to searches' since searches are always done and might cause a buyer to withdraw. Or 'subject to Enquiries'? Or subject to mortgage application'?No contract is binding till Exchange - before that there's no legal commitment on either side as to either purchasing, or as to the price.But I agree - buyers who add 'subject to survey' are either naive FTBs who think it protects them in some way, or are pointlessly declaring that they are the type of buyer who will leap at the slightest issue highlighted in the survey and demand a price reduction.1
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user1977 said:pjs493 said:propertyrental said:Adding 'subject to survey' neither adds nor detracts anything legally. ALL offers are subject to a host of conditions - why not add 'subject to searches' since searches are always done and might cause a buyer to withdraw. Or 'subject to Enquiries'? Or subject to mortgage application'?No contract is binding till Exchange - before that there's no legal commitment on either side as to either purchasing, or as to the price.But I agree - buyers who add 'subject to survey' are either naive FTBs who think it protects them in some way, or are pointlessly declaring that they are the type of buyer who will leap at the slightest issue highlighted in the survey and demand a price reduction.0
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pjs493 said:user1977 said:pjs493 said:propertyrental said:Adding 'subject to survey' neither adds nor detracts anything legally. ALL offers are subject to a host of conditions - why not add 'subject to searches' since searches are always done and might cause a buyer to withdraw. Or 'subject to Enquiries'? Or subject to mortgage application'?No contract is binding till Exchange - before that there's no legal commitment on either side as to either purchasing, or as to the price.But I agree - buyers who add 'subject to survey' are either naive FTBs who think it protects them in some way, or are pointlessly declaring that they are the type of buyer who will leap at the slightest issue highlighted in the survey and demand a price reduction.3
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pjs493 said:user1977 said:pjs493 said:propertyrental said:Adding 'subject to survey' neither adds nor detracts anything legally. ALL offers are subject to a host of conditions - why not add 'subject to searches' since searches are always done and might cause a buyer to withdraw. Or 'subject to Enquiries'? Or subject to mortgage application'?No contract is binding till Exchange - before that there's no legal commitment on either side as to either purchasing, or as to the price.But I agree - buyers who add 'subject to survey' are either naive FTBs who think it protects them in some way, or are pointlessly declaring that they are the type of buyer who will leap at the slightest issue highlighted in the survey and demand a price reduction.2
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housebuyer143 said:pjs493 said:user1977 said:pjs493 said:propertyrental said:Adding 'subject to survey' neither adds nor detracts anything legally. ALL offers are subject to a host of conditions - why not add 'subject to searches' since searches are always done and might cause a buyer to withdraw. Or 'subject to Enquiries'? Or subject to mortgage application'?No contract is binding till Exchange - before that there's no legal commitment on either side as to either purchasing, or as to the price.But I agree - buyers who add 'subject to survey' are either naive FTBs who think it protects them in some way, or are pointlessly declaring that they are the type of buyer who will leap at the slightest issue highlighted in the survey and demand a price reduction.
I did my own research
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user1977 said:pjs493 said:user1977 said:pjs493 said:propertyrental said:Adding 'subject to survey' neither adds nor detracts anything legally. ALL offers are subject to a host of conditions - why not add 'subject to searches' since searches are always done and might cause a buyer to withdraw. Or 'subject to Enquiries'? Or subject to mortgage application'?No contract is binding till Exchange - before that there's no legal commitment on either side as to either purchasing, or as to the price.But I agree - buyers who add 'subject to survey' are either naive FTBs who think it protects them in some way, or are pointlessly declaring that they are the type of buyer who will leap at the slightest issue highlighted in the survey and demand a price reduction.0
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pjs493 said:TheJP said:I would be rejecting an offer if it had subject to survey attached to it. Lets me know the mentality of the buyer and that there will 100% be a renegotiation coming.Glad I didn’t buy from you I guess.0
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OP, have you asked if you can get a copy of any previous surveys? Might save you a few quid. Some people sell them on at a reduced price or give them away. We got a copy of the survey from our first buyer who pulled out. Helped us get a few things done, but he gave it for free.0
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