Does this mean survey was OK?

bridiej

We had the survey done on our house on Monday and today have heard from our solicitors that they've prepared the draft contract and are forwarding it to our buyer's solicitor.

Does this mean the survey was OK?

Also, anyone know of likely time frame to exchange based on this information?

Thanks

Pennywise

No, I don't think it does mean the survey was OK.

But, I suppose it depends on the type of survey you were having done. If it was the simple and cheap basic "valuation survey", then all the surveyor would do is confirm that the house is worth the price being paid. As this is for the benefit of the lender (i.e. mortgage company), it would probably be sent to them rather than you.

However, if you opted for one of the better surveys, I can't remember what they are called, but one is where the surveyor has a proper look around and makes comments as to the general state of the property, highlighted obvious problems, such as rotten window frames, old wiring, etc, the other is the full structural survey where they look in the loft, under floorboards, etc., then the survey will actually be useful and will be sent to you for your information. As you've paid more for this, you are entitled to see the findings.

I'd check with the solicitor if I were you, but if you have only asked for the "valuation survey" then I think it is probably OK. Your solicitor can tell you.

bridiej

Sorry, I'm not very clear, we are selling our house and the buyer's had their survey done on Monday, it was the Homebuyers one, so pretty basic not the full structural survey.

theGrinch

if there were any problems then usually the buyer would communicate with the estate agent.

Lemoncurd

When we bought our house there were problems highlighted in the survey but we didn't put them to the vendor for another 4-6 weeks as we were getting more information, quotes and surveys done before we could decide how to approach them.

bridiej

Thanks peeps, husband going to find out from solicitor as got to ring to ask about something else anyway