Structural survey - wet rot

archaeoliz

Well, thank goodness the second specialist has confirmed there is wet rot but no evidence of dry rot. He also checked the wall ties and thank goodness, they're fine!

We still haven't had our full survey back (3 weeks now) and the surveyor has gone on holiday until next week *sigh*.

However, before he went he e-mailed a list of defects over to us which aside from the ones we were aware of including cosmetic stuff like new kitchen and bathrooms also had new ones.

-A holly tree has been cut down by the bay window. This may have been the cause of the historic movement to the bay window.

The vendor initially claimed there was never a tree there (despite the photo of the stump) then said he had a structural engineers report saying it was fine.

So after long conversations with our solicitor we decided to pull out of the purchase feeling there were too many unknowns in the place and estimates were already racking up and into our contingency fund.

Then, the vendor who was understandably a little upset has said he would consider reducing the price by £15K. (It's effectively £20 because we dip down to the £250K stamp duty threshold).


Family have said we shouldn't go ahead as they smell a rat in the whole situation.

We still like the place and are sorely tempted to say ok and just go for it but I can't help wonder if we'll live to regret it. After all once we're in there there's no way out!!

What's your opinion?