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Negotiating purchase price after survey results

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  • propertyrental
    propertyrental Posts: 3,391 Forumite
    1,000 Posts First Anniversary Name Dropper
    I hope you get the message from the posts above.
    But equally I hope that when you do get the survey results, you come back here, share the relevant survey bits and seek suggestions before you rush in demanding a price reduction.
    The underlying implied attitude of your post would make me, as a seller, walk away and re-market unless I was desperate to sell asap.
  • Thank you for the valued input, all :)
  • TheJP
    TheJP Posts: 1,951 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Your post does make it look like you over offered and now want to use whatever you can in a survey to bring the price down.

    However here are my top tips;

    1. You don't know what's in the survey yet so chill until then, much of a survey is the surveyor covering their backs.
    2. Surveyors are renowned for over inflated guesstimates on how much things will cost that have come up, make sure you have a logical view on the big ticket items and get specialist advice.
    3. I hope you also have a valuation built into your survey as this will help you understand if you have any need/clout to negotiate.
    4. If you do think you need to renegotiate take a pragmatic approach, what are the things that are urgent, share the sections of the report with the EA so the seller can digest and make an informed decision on your offer.
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