Who pays for re-wire buyer or seller??

Kasha

My daughter is buying a 3 bed semi for £122,000 asking price was £125,000 but negotiated down so my daughter had a little to put towards new bathroom and kitchen (needed). Survey has now shown a complete re-wire is required. Can anyone please tell me is it up to my daughter to pay for the re-wire..... or the seller???

PasturesNew

It would be up to your daughter to pay for the re-wire.
She can have a go at renegotiating - either a reduction to pay for it, or asking if the seller will have it done prior to purchase.

But the bottom line is: if she wants the house, it's for her to pay for things to be done.

And welcome to the brilliant world of home ownership where there's always something unexpected to pay for.

selectcase

Go for a 50/50 deal so ask for about another 1k off

mr.broderick

PasturesNew wrote: »

It would be up to your daughter to pay for the re-wire.
She can have a go at renegotiating - either a reduction to pay for it, or asking if the seller will have it done prior to purchase.

But the bottom line is: if she wants the house, it's for her to pay for things to be done.

And welcome to the brilliant world of home ownership where there's always something unexpected to pay for.

Rubbish if the offer was made subject to survey and the electrics rewire wasn't apparent i'd definitely be asking for a reduction, 122k on a 125k house in this market ? Definitely be looking for help from the vendor.

daveyjp

It depends who is more desperate - your daughter to buy it or the seller to sell it.

Whoever is more desperate will end up paying. Start with a revised offer to take into account unexpected additional work.

PasturesNew

mr.broderick wrote: »

Rubbish if the offer was made subject to survey and the electrics rewire wasn't apparent i'd definitely be asking for a reduction, 122k on a 125k house in this market ? Definitely be looking for help from the vendor.

If it were made subject to survey. I think a lot of people don't know that that's how it's supposed to go. They just offer, then post-survey suddenly find stuff thrown up. Which is then what makes negotiation harder as in the seller's mind the price is agreed already.

mr.broderick

PasturesNew wrote: »

If it were made subject to survey. I think a lot of people don't know that that's how it's supposed to go. They just offer, then post-survey suddenly find stuff thrown up. Which is then what makes negotiation harder as in the seller's mind the price is agreed already.[/quote

My post wasn't anything personal honey.

PasturesNew

mr.broderick wrote: »

PasturesNew wrote: »

If it were made subject to survey. I think a lot of people don't know that that's how it's supposed to go. They just offer, then post-survey suddenly find stuff thrown up. Which is then what makes negotiation harder as in the seller's mind the price is agreed already.[/quote

My post wasn't anything personal honey.

I didn't take it as so.

I have communication problems. Sometimes I am too verbose. Sometimes too pedantic. Sometimes too formal. Sometimes it means .... my posts are !!!!!!

clutton_2

""my posts are !!!!!!" - no no no no no !!!! - we all have our "off-post-days" !!!!

PasturesNew

clutton wrote: »

""my posts are !!!!!!" - no no no no no !!!! - we all have our "off-post-days" !!!!

Oh .. yes, that's what it was.... but not a whole day. I'm too perfect for that.

I was having an off-post-10-minutes

bigjoe

mr.broderick wrote: »

Rubbish if the offer was made subject to survey and the electrics rewire wasn't apparent i'd definitely be asking for a reduction, 122k on a 125k house in this market ? Definitely be looking for help from the vendor.

Well you can ask until you are blue in the face, but it doesn't mean you'll get the reduction.

The truth is there is no correct answer - it is all down to what can be negotiated even if the offer was made subject to survey.

The seller migt pay, your daughter might pay or they may agree to split the cost. It's all down to negotiation.