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Comments
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anode_seller wrote: »Great points. I will consider them!
Where do we stand legally that we didn't answer their question directly on when the property was last re-wired?
Did you know ? I could understand their point IF you had given them false info but if you just couldn't tell them because you didn't know, then I think they're being awkward.0 -
I wouldn't expect a seller, whose house that was more than a few years old when they bought it ,to know about rewiring, unless their seller happened to tell them.0
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Don`t lose a buyer for a few thousand, really not worth it.0
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anode_seller wrote: »Homebuyer report mentions that property should be re-wired immediately else there is high risk of fire.
I doubt it actually says that, or anything of the sort. The report will contain the usual amount of @rse covering and worst case scenarios, such as the aforementioned risk of immediate inferno.
Suggest you ask to see the relevant sections of the report: if its genuine they'll happily share. If not, they're either trying it on, or are nervous FTB: if they're not getting cold feet about this, it'll be something else: the results of their searches, local crime stats, brexit, interest rate rises, whatever...
Unless they're they're literally the only ones buying, I'd stand firm on price. If they want a newly wired place, point them in the direction of your newest newbuild housing estate. Suggest also that their financials can't be that strong if they're quibbling over less than fifteen hundred quid.0 -
Just email (don't bother calling) and say you aren't willing to negotiate on price, and are ready to move forwards as soon as the buyers are.0
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I shared my home buyers report with the seller.
There is an issue with the sash windows which I have asked to be fixed. I can't see why they wouldn't show you the report.0 -
ReadingTim wrote: »Unless they're they're literally the only ones buying, I'd stand firm on price.
My house had 5 viewings in May and these buyers were the only one offering the asking price0 -
Homebuyers reports usually say they can't comment on electrics but that they should be checked, and rate them as a "3" - urgent action needed.
But that means nothing - only that the buyer should consider having the electrics expected because it's important and didn't fall within the scope of the survey.
It seems highly unlikely to me that a standard homebuyers would say anything specific about electrics, unless there are extremely obvious (to the naked eye without moving anything) faults or things in disrepair.0 -
Homebuyers reports usually say they can't comment on electrics but that they should be checked, and rate them as a "3" - urgent action needed.
But that means nothing - only that the buyer should consider having the electrics expected because it's important and didn't fall within the scope of the survey.
It seems highly unlikely to me that a standard homebuyers would say anything specific about electrics, unless there are extremely obvious (to the naked eye without moving anything) faults or things in disrepair.
It won't say that it needs rewiring if they can't comment.
Mine says
'The property is connected to the mains supply. The consumer unit is located in the
hallway. I believe the meter is in the cupboard by the front door in the hallway on
the ground floor. However we could not have access to this cupboard to confirm.
You should confirm this prior to occupation. The consumer unit contains modern
fuses. The wiring is in plastic covered cable.
I saw no areas of concern however I do not know if there is a current test certificate
for the installation. Your legal advisor should establish whether there is a current
test certificate. If not then it should be checked before purchase and you should
immediately instruct a Registered Competent Person or an electrician to test the
installation for safety and carry out any necessary works. This inspection must
include the electric shower in the bathroom. I refer you to section J. Condition
Rating 3.'
The key being 'I saw no areas of concern' but is rated 3 as he isn't an electrician.
The OP has stated that the home buyers report says rewiring that is very different to not in scope of survey.0 -
The issues were unforeseen at the time of offer and its not a surprise that the buyers are looking for a reduction.
You have to decide whether you believe that if you put it back on market you would get the same price or more plus not get the same issues at the next survey.
The buyer will also have to consider that they have paid money for the survey plus in likely solicitors fees which will be lost if they pull out.
It may be worth getting someone qualified in and agreeing to split the difference if issues are found.0
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