PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

EIC Report - Quote for work

Options
Hiya, I am currently in the process of moving house, the chain is all complete. Our buyer requested at his own expense an electrician to come out and do a report. It came out from that report that there is some work to be done (Level 2 and Level 3 faults). The total cost of the work is just over £700.

I am not sure how this all works going forward, our estate agent said we need to have paid and completed the work before completion, is this correct? Are we supposed to negotiate the costs of anything and do we need to inform solicitors as well? Not really done this before so any advise is appreciated.

Thanks

Comments

  • user1977
    user1977 Posts: 17,741 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Tinks22 said:

    I am not sure how this all works going forward, our estate agent said we need to have paid and completed the work before completion, is this correct?
    No, nobody needs to do anything. The purchaser could just add that info to their list of maintenance/improvement points they might want to deal with after they move in.

    The buyers might want to try negotiating something with you, but I'm not sure that £700 worth of work is to be unexpected (given that electric regulations change all the time, so most properties probably have some sort of non-compliance). No need for you to do anything about it unless asked.
  • anselld
    anselld Posts: 8,634 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You are not obliged to do anything.  It is the buyers report and they can decide what they want to do which may include trying to negotiate a reduction which you may or may not accept.
    The thing is electrical regs change all the time.  If the buyer wants to bring everything up to latest regs then that is their choice and you are not obliged to pay.  
    Level 3 are advisory anyway, most people don't bother.  Level 2, depends what it is, if it is upgrading to current regs I would say buyer pays, if it is some damage or fault then probably seller should consider paying.
  • eddddy
    eddddy Posts: 17,965 Forumite
    Part of the Furniture 10,000 Posts Name Dropper

    Tinks22 said:

    I am not sure how this all works going forward, our estate agent said we need to have paid and completed the work before completion, is this correct? 

    It's more likely that the buyer has requested that you pay for and complete the work before completion.

    You are free to reply with something like any of the following...
    • No - if the buyer wants the work done, the buyer will have to do it after completion
    • I'll do the work before completion if the buyer pays for it (or maybe pays 50% of it, or whatever)
    • Yes - I'll get the work done and I'll pay for it before completion

    Then it's a matter of seeing what the buyer says. For example, if you refuse to do it, do you think the buyer would walk away for the sake of £700?


    Also, what exactly are the C2 and C3 issues?

    For example, C3 issues could be wiring that doesn’t meet the latest regulations, but that doesn’t necessarily pose any kind of risk.

  • Rodders53
    Rodders53 Posts: 2,652 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Then add in that C2 and C3 are frequently a matter of opinion and a different technician doing an EICR on the same installation could code the issues differently or not at all.

    BTW tell your EA that they work for YOU not the Buyer.  If they are that keen to get the work done (and a Sale completed) then let them pay for it out of your Fees to them! ;)
  • eddddy
    eddddy Posts: 17,965 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Rodders53 said:

    BTW tell your EA that they work for YOU not the Buyer.  If they are that keen to get the work done (and a Sale completed) then let them pay for it out of your Fees to them! ;)

    As you imply, the estate agent will be saying whatever they think will get the sale completed quickest.

    It's even possible that the estate agent is saying different things to the seller and buyer, for example...
    • saying to the seller "you must get this work done before completion"
    • and saying to the buyer "you will have to do this work after completion"

    ... in the hope that either the buyer or seller will 'do as they're told'. And the estate agent doesn't care which.


  • born_again
    born_again Posts: 20,310 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Wait & see what buyer says.
    If they want you to pay, you could request your own & see what that says.
    Then the haggling can start.

    Life in the slow lane
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.